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.”
FEV is a leading international, independent service provider for hardware and software in vehicle and powertrain development, as well as the energy industry. 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 behavior 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 also includes 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. For defossilization of the entire energy value chain, FEV offers energy management and infrastructure solutions from a single source, which intelligently link and holistically optimize power and heat generation, mobility, and industry. The FEV Group currently employs 6500 highly qualified specialists in customer-oriented development centers at more than 40 locations on five continents.
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