02. March 2017

FEV Acquires Vehicle Development Service Provider STEA S.r.l.

Move expands FEV’s vehicle expertise in packaging and design

FEV is taking another important step towards becoming a complete vehicle developer for future mobility concepts through the acquisition of the Italian company STEA S.r.l. Picture: Professor Stefan Pischinger, president and CEO of the FEV Group GmbH (left) and Tomaso Passaro, co-owner and general manager of STEA S.r.l. (Source: FEV Europe GmbH)

The international development service provider FEV, headquartered in Aachen, is taking another important step towards becoming a complete vehicle developer for future mobility concepts through the acquisition of the Italian company STEA S.r.l.

STEA, with locations in Turin and Modena in Italy, as well as in Belo Horizonte in Brazil, is a vehicle development-focused engineering company with more than 80 employees. In addition to the automotive sector, STEA also offers mechanical and engineering solutions to customers in the areas of rail, motorcycles, marine, and mechanical systems.

“The acquisition of STEA is another strategic step in the expansion of our expertise in complete vehicle development. With a focus on packaging, ergonomics and dimensional concept design, STEA offers critical expertise that will complement our portfolio in the future,” explains Professor Stefan Pischinger, president and CEO of the FEV Group. “Increasing automation and connectivity are changing user expectations for the functionality and design of future vehicles. Thanks to the additional expertise we have gained, we can now also offer our customers interior and exterior design solutions from a single source.”

About FEV
FEV is a leading independent international service provider of vehicle and powertrain development for hardware and software. The range of competencies includes the development and testing of innovative solutions up to series production and all related consulting services.The range of services for vehicle development includes the design of body and chassis, including the fine tuning of overall vehicle attributes such as driving behaviour and NVH. FEV also develops innovative lighting systems and solutions for autonomous driving and connectivity. The electrification activities of powertrains cover powerful battery systems, e-machines and inverters. Additionally FEV develops highly efficient gasoline and diesel engines, transmissions, EDUs as well as fuel cell systems and facilitates their integration into vehicles suitable for homologation. Alternative fuels are a further area of development.

The service portfolio is completed by tailor-made test benches and measurement technology, as well as software solutions that allow efficient transfer of the essential development steps of the above-mentioned developments, from the road to the test bench or simulation.

The FEV Group is growing continuously and currently employs 6700 highly qualified specialists in customer-oriented development centers at more than 40 locations on five continents.