Funds advised by Triton to acquire the companies behind the brand Dantaxi 4×48

COPENHAGEN/VIRUM, 04-Jan-2019 — /EuropaWire/ — Funds advised by Triton (“Triton”) has completed the acquisition of the companies commonly referred to under the brand Dantaxi 4×48. Terms of the transaction are not disclosed.

Dantaxi 4×48 was a haulier-owned Danish taxi company created through the merger between Dantaxi and 4×48 TaxiNord in January 2017. Dantaxi 4×48 is the largest taxi company in Denmark with more than 1,600 taxis and nationwide coverage.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

About Dantaxi 4×48
Dantaxi 4×48 was a Danish haulier-owned taxi company created through the merger between Dantaxi and 4×48 TaxiNord in January 2017. The company is the only nationwide aggregator of taxiservices in Denmark with more than 1,600 taxis associated. In 2017, the company generated gross revenue of around DKK 1.6 billion and completed around 7 million trips.

For more information: https://dantaxi4x48.dk/

Press contacts:

Triton
Fredrik Hazén
+46 70 948 38 10

Dantaxi 4×48
Rasmus Krochin
+45 22 45 77 53

SOURCE: Triton

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ZF unveils the latest model of its automotive supercomputer ZF ProAI

ZF unveils the latest model of its automotive supercomputer ZF ProAI

ZF ProAI RoboThink is the most powerful AI-capable processing system in the automotive field
ZF’s modular and scalable ProAI product family accommodates various software stacks and processors for automated driving
ZF introduces its own software stack designed for new mobility concepts for people and cargo transportation
ZF ProAI is the first system to run NVIDIA’s DRIVE AutoPilot L2+ starting in 2020
New partnership with Xilinx underlines open system approach

Friedrichshafen, Germany / Las Vegas, NV, USA, 07-Jan-2019 — /EuropaWire/ — ZF unveiled the latest model of its automotive supercomputer ZF ProAI just before the start of this year’s Consumer Electronics Show (CES). The ZF ProAI RoboThink central control unit offers the highest performance of its kind in the industry. Vehicle manufacturers and mobility service providers additionally benefit from the system’s modularity and scalability. Today’s four models in the ZF ProAI product family can be optimally configured for any application – from a basic ADAS function right up to fully autonomous cars, commercial vehicles and industrial applications.

Customers can also specify their favorite software architecture – a real breakthrough, especially for Mobility-as-a-Service applications. In the wake of booming services such as ride hailing ZF also premiered its own software stack for new mobility concepts at the CES. This stack together with the latest ZF Pro AI and the company’s comprehensive sensor set represent a fully integrated system for driverless vehicles that can be easily adopted by the new players in the field of mobility services.

NVIDIA DRIVE Autopilot premieres on ZF ProAI

The power and flexibility of ZF’s ProAI also convinced NVIDIA to name ZF one of their preferred partners for the launch of their new Level2+ NVIDIA DRIVE AutoPilot. Since ZF’s new product’s volume production starts within the next 12 months it is the only automotive grade AI capable supercomputer that can meet NIVIDIA’s ambitious timeline for the launch of their DRIVE AutoPilot from the beginning. ZF’s CEO Wolf-Henning Scheider explained, “We are taking advantage of the fact that only ZF offers a supercomputer that is ready for volume production. Our open, flexible, modular and scalable ZF ProAI product family allows for just the right configuration of any application – for a variety of industries, and across all levels of automated driving.”

“We’re thrilled with the results of our collaboration with ZF. Their agility and system expertise has resulted in the incredibly rapid development of the ProAI platform enabling L2+ through L4/L5 robotaxi vehicles, leveraging NVIDIA’s DRIVE Xavier processors and DRIVE software,” said Rob Csongor, Vice President of Autonomous Machines, at NVIDIA. “ZF is now able to deliver to car makers advanced L2+ self-driving solutions for production starting in 2020 and the ability to quickly scale to higher levels of autonomy.”

ZF ProAI is a powerful alternative to closed systems

Greater processing power and artificial intelligence are important prerequisites for autonomous driving functions from Level 4 and higher. A high-performance processing unit is essential to analysing 360-degree environmental surroundings while monitoring the vehicle interior and position of the occupants to help enhance safety and vehicle control. The mobility industry can now benefit from the world’s most powerful central processing unit in the automotive field: the ZF ProAI RoboThink is a completely new design from ZF. This latest generation in the ZF ProAI product family comes with its own graphics processor, offers a total computing performance of more than 150 teraOPS (the equivalent of 150 trillion calculation operations per second) and can be modularly combined with up to four units, corresponding to a total performance of 600 teraOPS.

“The unique selling proposition of the AI-capable ZF ProAI RoboThink is its modular hardware concept and open software architecture. Our aim is to provide the widest possible range of functions in the field of autonomous driving,” explained Torsten Gollewski, head of ZF Advanced Engineering and general manager of Zukunft Ventures GmbH.

With four models, ZF can cover virtually the entire range of possible application scenarios and use cases. The ZF ProAI Gen1 is a cost-effective entry-level model that complies with virtually all NCAP 2022 standards. The ZF ProAI Gen2 has sufficient computing potential to enable partially and highly automated Level 2 and Level 3 driving. The next stage up, the ZF ProAI Gen3, offers broad modularity and can combine various chips on up to three performance boards. This should provide enough computing power for real time processing of the data required for automated driving up to Level 4. The latest model, the ZF ProAI RoboThink – with its scalable computing power and its own graphics processor – is the most powerful high-end solution and is ideally suited for autonomous driving applications from Level 4 and above.

The ZF ProAI product family offers an open platform for the customized integration of software algorithms – covering conventional functions as well as AI algorithms. What’s more, they support various operating systems common in the automotive field, e.g. AutoSAR, Adaptive AutoSAR or QNX and will add further platforms as they are developed. The successful partnership with NVIDIA continues with the ZF ProAI RoboThink – however ZF also offers customers the option of equipping the ZF ProAI with processors from other manufacturers. A current example is ZF’s new partnership with Xilinx, a leader in adaptive and intelligent computing. ZF is integrating Xilinx’s Multi-Processor System-on-Chip (MPSoC) platform for data aggregation, pre-processing, and distribution to enable the scalability and flexibility required for various sensor and automated driving feature sets, while also providing low latency and high efficiency artificial intelligence computer acceleration. This approach is unique compared to other systems on the market which use a fixed combination of hardware and software architecture – a solution which can potentially limit functionality and add more cost.

ZF ProAI accelerates Mobility-as-a-Service

Robo-taxis and autonomous people or cargo-movers are vastly accelerating the development of central control units with much higher computing power. This is because powerful domain computers used in Mobility-as-a-Service applications not only manage the complex calculation of the surroundings based on a fusion of camera, radar and LIDAR data, they also integrate user data via the Cloud, payment systems and above all optimal route planning and implementation. Complex algorithms calculate these from the mobility and transport requirements of people or goods and can compare them in real time with the current traffic situation.

“The computing power of central computers in robo-taxis and autonomous people or cargo-movers will be significantly higher than for automated-driving passenger cars,” says Torsten Gollewski. “The demand from ride-hailing service providers for even more computing power has arisen much sooner than predicted. Today, the autonomous-driving market is being driven more by new mobility service providers than by established vehicle manufacturers.”

Depending on the use case, the ZF ProAI product family offers computing power that provides an ideal platform for the fusion of sensor data from cameras, LIDAR and radar systems. The people and cargo mover which ZF will launch in volume production this year in a joint venture with e.GO Mobile AG will also use ZF ProAI for its automated driving functions and networking.

MEDIA CONTACTS
Florian Stemmler
Technology and Product Communication
+49 7541 77-2367
florian.stemmler@zf.com

Robert Buchmeier
Head of Technology and Product Communications
+49 7541 77-2488
robert.buchmeier@zf.com

SOURCE: ZF Friedrichshafen AG

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Tech Mahindra Launches GAiA – First Enterprise Edition Open Source AI Platform, Powered by Acumos

Tech Mahindra Launches GAiA – First Enterprise Edition Open Source AI Platform, Powered by Acumos

GAiA to enable enterprises across industry verticals to build, share and rapidly deploy AI-driven services and applications to solve business critical problems

Dallas, New Delhi – December 26 2018: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced the launch of visit GAiA – the first enterprise edition of open source Artificial Intelligence (AI) platform Acumos. GAiA will enable enterprises across industry verticals to build, share and rapidly deploy AI-driven services and applications to solve business critical problems.

GAiA will also provide support to enterprises in adopting open source AI platform offerings to implement custom use cases, models and integration services. It will be available for commercial purpose and will support open source distribution as well. The various industry solutions and the existing marketplace in GAiA will further be enriched through collaboration with academia, third-party Machine Learning developers and companies.

Manish Vyas , President , Communications , Media & Entertainment Business , and the CEO , Network Services , said, “As part of our TechMNxt charter, Tech Mahindra is committed to leveraging next generation technologies like Artificial Intelligence (AI) to solve real business problems of our customers. The need of the hour is to democratize our knowledge and expertise in AI and make it universally accessible. GAiA is a step in that direction and we believe that it will be the change agent to drive digital transformation journey of our customers.”

The platform is available in Beta and hosts a marketplace of Machine Learning (ML) models that can be applied to popular use cases in many industry verticals.

Andre Fuetsch, president , AT&T Labs , and chief technology officer at AT&T , said, “Our goal in launching the Acumos AI project was always to see it become an open platform to accelerate innovation in the AI ecosystem, and we are pleased to see that vision taking shape. GAiA, powered by Acumos, looks set to help broaden AI's reach even further and make it accessible to everyone.”

Ibrahim Haddad , Director of Research at The Linux Foundation , said, “Tech Mahindra has been a leader in the development of the Acumos AI platform, as well as the LF Deep Learning Foundation and open source generally. We are excited to see Tech Mahindra use Acumos in a real world solution, and look forward to seeing adoption of Acumos continue to grow.”

The launch of the GAiA platform is in line with Tech Mahindra’s TechMNxt charter which focuses on leveraging next generation technologies like Artificial Intelligence to address real world problems and meet the customer’s evolving and dynamic needs.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 118,390+ professionals across 90 countries, helping over 930 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Connect with us on www.techmahindra.com || Our Social Media Channels
Facebook
Twitter
Linkedin
Youtube

For more information on Tech Mahindra, please contact:

Tuhina Pandey,
Global Corporate Communications
Email: media.relations@techmahindra.com;
Tuhina.Pandey@TechMahindra.com

Mahindra’s Farm Equipment Sector Sells 16,510 Units in India During December 2018

Mahindra's Farm Equipment Sector Sells 16,510 Units in India During December 2018

Registers a 10% growth in the domestic market for the first nine months of the year

Mumbai, January 1, 2019: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for December 2018.

Domestic sales in December 2018 were at 16,510 units, as against 16,855 units during December 2017. Total tractor sales (domestic + exports) during December 2018 were at 17,404 units, as against 18,488 units for the same period last year. Exports for the month stood at 894 units.

Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “In December 2018, the Farm Equipment Sector has sold a total volume of 17,404 tractors (inclusive of exports). Even though the Rabi crop sowing has been lower than desired, we hope that the government's initiatives in the agri and rural sectors would enable tractor sales momentum in Q4 F19. In the Export market we sold 894 tractors.”

Farm Equipment Sector

December
Cumulative December

F18
F19
%Change
F18
F19
%Change

Domestic
16855
16510
-2%
236600
259243
10%

Exports
1633
894
-45%
11823
10315
-13%

Total
18488
17404
-6%
248423
269558
9%

*Exports include CKD

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

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