What we’re currently excited about
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With the acquisition of the two companies inovel elektronik GmbH and inovel systeme AG based in Friedrichshafen, Germany, on July 1, 2021; ETO GRUPPE is expanding its portfolio, among other things, in the fields of agricultural technology, autonomous control systems and Internet of Things (IoT) platforms.
One of Germany's largest publicly funded roadside infrastructure project will utilize the IOTA protocol as core technology. Autonomous vehicles have been a vision for decades. With more sophisticated sensor technology and manufacturing processes, we are now closer than ever reaching that vision. But autonomous driving is challenging. Vehicles must be able to understand their surroundings and adjust to a high number of changing conditions in real-time. This is becoming extremely critical within highway construction zones, where the margin of error is close to zero and the sensors of the vehicle are approaching their technical limits.
ETO MAGNETIC GmbH, based in Stockach, Germany, has been awarded the TOP 100 seal for the fourth time. Innovations at ETO are the result of a planned approach, i.e. they are not random products and have the potential to establish themselves in the market, which was the decisive factor for the award. In particular, the innovation-promoting top management and the innovation climate convinced the jury in an independent, scientific selection process. TOP 100 is the only competition in Germany, which evaluates the innovation management and innovation successes of a company.
The Institute for Management and Economic Research was commissioned by the magazine FOCUS-MONEY and its institute DEUTSCHLAND TEST to conduct a study of the 20,000 German companies with the highest number of employees. Criteria such as training success, apprenticeship ratio, remuneration and additional offers for apprentices were examined. Baden-Württemberg-based ETO MAGNETIC GmbH was able to score at all levels and ranked third in the category of "automotive suppliers" among Germany's best training companies in 2021.
ALFRIED, a pioneering new project funded with over 11 million euros by the German Federal Ministry of Transport and Digital Infrastructure (BMVI), has started at the Friedrichshafen test area. ALFRIED stands for "Automated and Connected Driving in logistics at the Friedrichshafen test field." A consortium of 11 project partners, including the ETO GRUPPE, has joined forces until the end of June 2023 to optimize the increasing inner-city transport of goods and factory traffic by trucks with the help of Automated and Connected Driving (ACD) as part of the project. The city of Friedrichshafen is an associated partner in the project. The aim of ALFRIED is to develop a comprehensive mobility system to reduce the transport of goods between company plants. The aim is to save journeys, reduce emissions and relieve traffic in cities.