Novero

Last updated
Novero
Type Private
Industry Telematics
Founded2008
FounderRazvan Olosu
Headquarters,
Key people
Freddie Geier: Managing Director
Products Wireless Charging
Antenna coupling
Vehicle Tracking System
Remote Vehicle Control
Website www.novero.com

Novero is a company making Telematics products for automotive clients. Novero has customers including Audi, Bentley, BMW, Ford of Europe, Jaguar, Land Rover, Mercedes-Benz, Volkswagen, and others. [1]

Founded in 2008 by Romanian entrepreneur Razvan Olosu, via a management buyout [2] of Nokia’s Automotive Group, Novero is headquartered in Düsseldorf, Germany with a main R&D center in Bochum and other business units in Toronto and Dabendorf.

Originally, Novero had both consumer products and automotive products in its portfolio. Since the management change in November 2013, Novero is solely focusing on the Automotive Business.

In November 2012, Novero acquired Funkwerk Dabendorf, [3] a former company from the Funkwerk AG. Funkwerk Dabendorf was first re-branded to novero Dabendorf and later – after the corporate identity change in 2013 – simply to Novero. The Dabendorf business unit is specialized in wireless charging, antenna coupling, Near Field Communication and is well known for the Compenser technology.

Company timeline

Related Research Articles

Nokia Finnish technology and telecommunications company

Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865. Nokia's headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area. In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is the world's 415th-largest company measured by 2016 revenues according to the Fortune Global 500, having peaked at 85th place in 2009. It is a component of the Euro Stoxx 50 stock market index.

Bitstream Inc.

Bitstream Inc. was a type foundry that produced digital typefaces. It was founded in 1981 by Matthew Carter and Mike Parker among others. It was located in Marlborough, Massachusetts. The font business, including MyFonts, was acquired by Monotype Imaging in March 2012. The remainder of the business, responsible for Pageflex and Bolt Browser, was spun off to a new entity named Marlborough Software Development Holdings Inc. It was later renamed Pageflex, Inc following a successful management buyout in December 2013.

Renesas Electronics Corporation is a Japanese semiconductor manufacturer headquartered in Tokyo, Japan, initially incorporated in 2002 as Renesas Technology, the consolidated entity of the semiconductor units of Hitachi and Mitsubishi excluding their dynamic random-access memory businesses, to which NEC Electronics merged in 2010, resulting in a minor change in the corporate name and logo to as it is now.

KKR & Co. Inc. is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The firm has completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017. As of September 30, 2017, Assets Under Management ("AUM") and Fee Paying Assets Under Management ("FPAUM") were $153 billion and $114 billion, respectively.

O2 (typeset as O2) is a global brand name owned by the Spanish telecommunications company Telefónica. The company uses the O2 brand for its subsidiaries in the United Kingdom and Germany. Since 2018, it is also used as a secondary brand in Spain.

Freescale Semiconductor Former American semiconductor company

Freescale Semiconductor, Inc. was an American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorola in 2004. Freescale focused their integrated circuit products on the automotive, embedded and communications markets. It was bought by a private investor group in 2006, and subsequently merged into NXP Semiconductors in 2015.

The Blackstone Group American asset management company

The Blackstone Group Inc. is an American alternative investment management company based in New York City. In 2019, Blackstone converted from a publicly traded partnership into a corporation.

ADC Telecommunications

ADC Telecommunications was a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. It vacated its Eden Prairie location in May 2011 and moved staff and resources to other locations. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

Check Point Israeli security company

Check Point is an American-Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, data security and security management.

Intellisync Corporation was a provider of data synchronization software for mobile devices, such as mobile phones and personal digital assistants (PDAs). The company was acquired in 2006 by Nokia.

Spirent Communications plc is a British multinational telecommunications testing company headquartered in Crawley, West Sussex, in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Nokia Networks is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Corporation. It started as a joint venture between Nokia of Finland and Siemens of Germany known as Nokia Siemens Networks. Nokia Networks has operations in around 120 countries. In 2013, Nokia acquired 100% of Nokia Networks, buying all of Siemens' shares. In April 2014, NSN name was phased out as part of rebranding process.

Sierra Wireless

Sierra Wireless is a Canadian multinational wireless communications equipment designer and manufacturer headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in California, Georgia, Brazil, Germany, Sweden, Korea, Japan, China, Taiwan, France, Guangdong and Hong Kong.

Amer Sports Finnish sporting good company

Amer Sports Oyj is a Chinese-owned Finnish sporting goods company with brands including Salomon, Arc'teryx, Peak Performance, Atomic, Suunto, Wilson, Precor, Armada, ENVE Composites, Louisville Slugger, DeMarini and Sports Tracker. The company is a subsidiary of Anta Sports.

NXP Semiconductors Dutch semiconductor manufacturer

NXP Semiconductors N.V. is a Dutch semiconductor manufacturer with headquarters in Eindhoven, Netherlands. The company employs approximately 31,000 people in more than 35 countries, including 11,200 engineers in 33 countries. NXP reported revenue of $9.4 billion in 2018.

Silicon Labs Global technology company

Silicon Laboratories, Inc. is a fabless global technology company that designs and manufactures semiconductors, other silicon devices and software, which it sells to electronics design engineers and manufacturers in Internet of Things (IoT) infrastructure, industrial automation, consumer and automotive markets worldwide.

With operations in 11 countries, Serena Software Inc. is an American software company that provides IT management products to enterprises. Serena solutions offer a process orchestration approach and span the areas of development, DevOps and IT management.

The Attachmate Group Defunct privately held software holding company

The Attachmate Group, Inc. was a privately held software holding company based in Houston, Texas in the United States. The major companies held by the group were Attachmate, NetIQ, Novell, and SUSE.

CalAmp

CalAmp is an Irvine, California-based provider of Internet of things (IoT) software applications, cloud services, data intelligence and telematics products and services. The company's technology includes edge computing devices and SaaS-based applications for remotely tracking and managing vehicles, drivers, cargo and other mobile assets. The company also owns the LoJack Stolen Vehicle Recovery System and provides connected car and lot management products.

References

  1. "New parent company for Novero Group" (PDF) (Press release). novero. 2013-11-01. Retrieved 2013-11-26.
  2. Not Brad Pitt? Here's TheFirstOne, Wireless Week, 2009-07-28, retrieved 2010-04-26
  3. "novero acquires Funkwerk Dabendorf" (Press release). novero. 2013-03-25. Retrieved 2013-11-26.
  4. "Transfer of Nokia's line fit automotive business to Novero GmbH completed" (Press release). Nokia. 2008-06-16. Retrieved 2010-04-26.
  5. "Novero acquires Funkwerk Dabendorf" (Press release). Novero. 2013-03-25. Retrieved 2014-04-16.
  6. "New parent company for Novero Group" (Press release). Novero. 2013-11-04. Retrieved 2014-04-16.