EDAG Engineering Group AG: With trive.me, EDAG is awarded software development order by RIO

DGAP-News: EDAG Engineering Group AG / Key word(s): Incoming Orders

06.09.2018 / 08:30
The issuer is solely responsible for the content of this announcement.

EDAG Engineering Group AG: With trive.me, EDAG is awarded software development order by RIO


Arbon, September 6, 2018
EDAG Engineering Group AG, a leading independent engineering services provider to the global automotive industry, is enjoying rapid growth with its "trive.me" brand. Launched in 2016, the startup provides the automotive industry with innovation management solutions, as well as with software development products and services. The digitalization of business processes and products is the accelerator for the new business model within the EDAG Group.

trive.me has now also convinced "RIO" of its competencies. RIO is the digital brand of Volkswagen Truck & Bus (soon to be TRATON GROUP), and the first manufacturer-independent, cloud-based platform used for the global transport of goods. Within the context of this new order, trive.me will be working on the further development of the cloud-assisted platform and related devices. Experts in front end and back end development, cloud computing and big data will be employed on this project. Securing "over-the-air" update functions is a further important element of this project.

We are delighted to be able to implement this important project in cooperation with RIO," explained Cosimo De Carlo, CEO of the EDAG Group. "The EDAG Group is continually extending its range of digitalization services, in this way establishing its position as a creator of the new world of mobility. The growing number of high profile digitalization orders shows that we are setting the right priorities and that our team supplies first-class results."


About EDAG
EDAG is an independent engineering service provider working for the global automotive industry. The company has a global network of some 60 branches at the world's major automobile centres to serve leading national and international vehicle manufacturers and technologically discerning automotive suppliers.

In addition, EDAG also offers engineering services in the vehicle engineering, electrics/electronics and production solutions segments. This extensive competence enables EDAG to provide its customers with all-round support, from the original idea to design, through to product development, prototype construction and even turn-key production systems. As an innovative technological leader, the company also has competence centres for ground-breaking future technologies for the automotive industry: lightweight design, eMobility, car IT, integral safety and new production technologies.

In 2017, the company achieved a sales volume of EUR 717 million and an adjusted EBIT of EUR 32.6 million. On 31st December, 2017, EDAG employed a workforce of 8,404 (including apprentices) in 19 countries.



Public Relations
Christoph Horvath
Press Spokesman of the EDAG Group
Tel.:+49 (0) 661- 6000 570
Mobile: +49 (0) 171- 8765 310
E-mail: pr@edag.de


Investor Relations
Sebastian Lehmann
Head of Investor Relations
Tel.:+49 (0) 611- 7375 168
Mobile: +49 (0) 175- 8020 226
E-mail: ir@edag-group.ag


Forward-looking statements


This release contains forward-looking statements. These statements are based on current estimates and projections of EDAG Executive Board and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not be accurate. Many factors could cause the actual results, performance or achievements of EDAG to be materially different from those that may be expressed or implied by such statements. EDAG does not assume any obligation to update the forward-looking statements contained in this release.

06.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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