Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Magna has integrated over 120 engineers from Optimus Ride into its team, significantly enhancing its expertise in advanced driver assistance systems (ADAS). This strategic move establishes a new engineering center in the Boston area, tapping into a rich talent pool and academic resources. John O'Hara, President of Magna Electronics, emphasized the importance of strengthening their capabilities in sensing technologies to meet growing market demands. This acquisition supports Magna's position as a leader in the global ADAS sector.
- Acquisition of more than 120 engineers from Optimus Ride enhances expertise in ADAS.
- Establishment of a new engineering center in Boston supports regional talent engagement.
- Strengthening capabilities in sensing technologies accelerates growth in the ADAS market.
- None.
- Majority of Optimus Ride engineering team joins Magna
- Bolsters Magna’s expertise in advanced sensing technologies
- Adds engineering center in Boston area
AURORA, Ontario, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in the field of advanced driver assistance systems (“ADAS”).
“Growing our engineering bench strength in sensing hardware and software helps accelerate our path forward in a rapidly growing ADAS market,” said John O’Hara, President of Magna Electronics.
The contributions expected from the Optimus Ride employees will be valuable as Magna builds on its strengths and position as a global ADAS provider with comprehensive capabilities.
The team remains in Boston’s Seaport district, establishing a Boston-based engineering center and presence for Magna in a community rich in engineering talent, leading academic institutions and robotics.
“As advancements in autonomy continue, we saw an opportunity to bring in additional expertise to support current programs as well as future customer needs. We are happy to welcome the Optimus Ride employees to the Magna family,” added O’Hara.
TAGS
ADAS, technology, autonomous, software
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com, 248.761.7004
ABOUT MAGNA
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 154,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 347 manufacturing operations and 90 product development, engineering and sales centres spanning 28 countries.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on Twitter @MagnaInt.
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