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, with headquarters in Aachen, Germany, is an internationally recognized vehicle development services provider. FEV’s expertise ranges from consulting to the development and testing of innovative vehicle concepts through readiness for serial production. In addition to traditional engine and transmission development, vehicle integration, calibration, and the homologation of state-of-the-art gasoline and diesel engines, increasing importance is being placed on the development of hybrid and electric powertrains as well as alternative fuels. FEV experts focus on the advancement of electronic control systems, as well as connected vehicles and automation.
The “FEV Software and Testing Solutions” product portfolio complements these services with cutting-edge test fields, measuring equipment and software solutions that help make the development process more efficient and transfer significant process steps from the road to the test rig – or even to computer simulation.
FEV offers these services to its transport industry customers around the world. The FEV Group employs over 5500 highly-qualified specialists in high-tech development centers near its customers at 40 locations on four continents.