FEV Acquires Vehicle Development Service Provider STEA S.r.l.
Move expands FEV’s vehicle expertise in packaging and design
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.”
The FEV Group is a leading international service provider for turnkey vehicle development. Its range of engineering competencies includes consulting, development and testing of innovative vehicles and their powertrains from concept to series production. The range of services for propulsion systems include modern, highly efficient gasoline and diesel engines, transmissions, hybrid and fully electric drive systems and fuel cell systems as well as their integration, calibration and homologation into the vehicle. Further core topics at FEV are alternative fuels, the development of electronic control systems, vehicle connectivity and the automation of vehicles through hardware and software development. The service portfolio is fulfilled by customized test bench and measurement equipment including software solutions that allow essential work stages to be efficiently transferred from the road to the test bench or simulation.
The FEV Group employs more than 6700 highly qualified specialists in customer-oriented development centers at more than 40 locations on 5 continents.