Semcon Develops Autonomous Vehicle System in Brazil

GÖTEBORG, Sweden–(BUSINESS WIRE)–Semcon (STO:SEMC)and a global automotive partner have signed a new
contract for autonomous vehicles. The assignment is mainly based in
Brazil as part of Semcon’s global strategy to involve cutting edge
expertise in high-tech development projects from different countries.

The new agreement will initially consist of ten specialists from Semcon
in Brazil and four in Europe engaged in a joint development project in
close cooperation with the customer. Most of the assignment went to
Brazil because of Semcon’s experience of coordinating projects in
various places around the world and access to local skills in Brazil.

“By moving parts of the project the customer can also benefit from lower
tax through the Brazilian support scheme for the automotive industry,
Inovar Auto. In this way we are helping to reduce the customer´s costs
while providing additional expertise,” says Markus Granlund, Semcon’s
President and CEO.

Semcon has been in Brazil since 2006 and now has 180 employees there.
The new project includes software development related to autonomic – or
driverless – driving, run from the office in Sao Paolo.

“Semcon has had a global presence for many years and has advanced
processes in place for dividing work between countries. As costs rise
and expertise is becoming harder to find in Europe, we are seeing huge
potential in spreading high-tech projects to more of our offices around
the world,” says Markus Granlund.

Semcon is an international technology company in the engineering
services and product information sectors. We have around 3,000 employees
with extensive experience from many different industries. We develop
technology, products, plant and information solutions along the entire
development chain and also provide many services and products in areas
such as quality control, training and methodology development. We
contribute to our customers’ competitive strength by providing
innovative solutions, design and solid engineering expertise. The Group
had annual sales of SEK 2.7 billion in 2014 with activities at more than
40 sites in Sweden, Germany, the UK, Brazil, China, Hungary, India,
Spain and Norway.

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Markus Granlund
President and CEO
Tel: +46 (0) 31
721 03 06
Per Nilsson
Corporate communication and
Marketing Director
Tel: +46 (0) 739-737 200