Singapore, Middle East companies invest in 2Getthere

Singapore-based SMRT International is to acquire a 20 per cent state worth US$4.4 million (€4 million) in Dutch automated vehicle (AV) manufacturer 2Getthere Holding (2Getthere). Abu Dhabi technology company United Technical Services (UTS) is increasing its holding in 2getthere to 11 per cent. The companies say these investments are a strategic step that aims to increase 2getthere’s technological capabilities as a provider of AV systems. It will also enhance the delivery of current and new projects in th
July 1, 2016 Read time: 2 mins
Singapore-based SMRT International is to acquire a 20 per cent state worth US$4.4 million (€4 million) in Dutch automated vehicle (AV) manufacturer 8172 2Getthere Holding (2Getthere). Abu Dhabi technology company United Technical Services (UTS) is increasing its holding in 2getthere to 11 per cent.

The companies say these investments are a strategic step that aims to increase 2getthere’s technological capabilities as a provider of AV systems. It will also enhance the delivery of current and new projects in the Middle East and Asia Pacific.

Carel van Helsdingen, CEO of 2getthere, said the investment and involvement of SMRT and UTS in 2getthere strengthens its ability to deliver complete and completely automated, systems.

SMRT International, which has been working with 2Getthere since 2010, sees a growing demand for AVs in Asia and looks to further expand operations into international markets through the provision of consultancy services and operational expertise with transportation networks. 2getthere Middle East and UTS believe 2getthere’s solution is aligned with the push for greater autonomous transport within the Middle East in general, and specifically in the United Arab Emirates.
Location Based Systems

For more information on companies in this article

Related Content

  • New Federal Signal ITS division will be a game changer
    February 2, 2012
    Federal Signal Corporation, a leader in environmental, safety and transportation solutions, has announced it will look to form a new division within the group, arising out of its recent acquisitions of Idris, Sirit and VESystems, combined with PIPS Technology and Federal Advanced Parking Division (FAPD).
    Read More
  • ITS Australia welcomes USDOT move on V2V communications
    February 17, 2014
    The announcement by the United States Government announcement that it will begin taking steps to enable vehicle-to-vehicle (V2V) communication technology for light vehicles has been welcomed by ITS Australia, which said it is pivotal in taking road safety to the next level. This technology improves safety by allowing vehicles to ‘talk’ to each other and exchange basic safety data, such as speed, position and projected path, ten times per second. The US Department of Transportation (DOT) announcement inc
    Read More
  • Infrastructure funding and road user charging – debate continues
    February 1, 2012
    Jack Opiola provides an overview of the ongoing debate over US infrastructure funding and the progress – or lack of it – towards vehicles miles travelled road user charging. The future funding of transportation and mobility infrastructure is attracting increased attention. There has been sharp debate in the US, where landmark reports from the National Surface Transportation Infrastructure Financing Commission and the National Surface Transportation Policy and Revenue Study Commission both stated that the cu
    Read More
  • Swedish road safety supplier ATA announces strategic acquisition
    April 6, 2016
    Swedish road safety solutions supplier ATA has announced the strategic acquisition of FMK Trafikprodukter here at Intertraffic. ATA, a subsidiary of the UK based infrastructure group Hill & Smith Holdings, has bought FMK as the latest move in its growth strategy for the Nordic region.
    Read More

Highlighted Content