On October 8, BMW informed that with signature of the final contracts and approval of the competition authorities, the BMW Group and the company CRITICAL Software have concluded the formation of their joint venture.
The new joint-venture company with the name Critical TechWorks will combine both partners’ expertise in premium mobility and automotive software engineering for the development of ground-breaking on- and offboard applications.
The BMW Group holds a 51 percent stake in the new company, which already employs around 200 people at its locations in Lisbon and Porto in Portugal.
(BMW press release on October 8, 2018)