Intel has completed its acquisition of Mobileye, the technology company that makes retrofitted driver alert systems for UK fleets.
Mobileye is a leading supplier of computer vision-based software-on-chips that enable Advanced Driver Assistance Systems for many of the world’s automotive manufacturers.
The same technology has been used to develop Mobileye’s retrofit products that can be installed on almost any vehicle already on the road, bringing to fleets all the safety benefits of automated driver alerts.
Gil Ayalon, Mobileye's regional director for Europe, said: "Intel has acquired Mobileye because of our outstanding computer vision expertise for advanced driver assistance systems.
“This same technology powers our retrofit driver alert technology that is available to fleets of small and large vehicles across the UK and Ireland.
“It can be installed in as little as a few hours on almost any vehicle on the road today, and can alert drivers against danger including imminent collisions, unintended lane departure and a dangerous 'headway time' - not just improving fleet safety but changing overall driver behaviour and saving fuel."
Intel’s Automated Driving Group (ADG) will combine its operations with Mobileye. The combined Mobileye organisation will lead Intel’s autonomous driving efforts, and will have the full support of Intel resources and technology to define and deliver cloud-to-car solutions for the automotive market segment.
Mobileye will remain headquartered in Israel and led by Professor Amnon Shashua who will serve as Intel senior vice president and Mobileye CEO and chief technology officer.
In addition, Ziv Aviram, Mobileye co-founder, president and CEO, is retiring from the company, effective immediately.
Intel CEO Brian Krzanich said: “With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future.
“It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”
Mobileye is currently rolling out its retrofit fleet technology in the UK and Ireland - including single camera systems for smaller vehicles as well as those with side cameras for large trucks and lorries.
The product's software is able to interpret images from its cameras and automatically generate visual and aural warnings when danger is detected.
Mobileye is the headline sponsor for Fleet Management Live in on 3rd and 4th October 2017 at the NEC in Birmingham.