EQS-News

JOST strengthens strategic partnership with Aitonomi AG

EQS-News: JOST Werke SE / Key word(s): Agreement/Financing JOST strengthens strategic partnership with Aitonomi AG 13.05.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. JOST strengthens strategic partnership with Aitonomi AG

 

Neu-Isenburg, May 13, 2024 - JOST Werke SE ("JOST"), a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, strengthens its strategic partnership with the start-up company Aitonomi AG ("Aitonomi"), promoting the further development of innovative solutions for technological transformation in the transport and logistics industry.

Aitonomi, a start-up founded in 2014 and based in Switzerland, develops autopilot technology for navigating commercial vehicles with a payload of up to 55 tons. In addition to autopilot systems, Aitonomi develops various software components and interfaces for the efficient integration of commercial vehicles into complex logistics processes. Aitonomi’s products include autonomously driving electric trucks with smart semi-trailers as well as autonomously driving delivery robots with a payload of up to 35 kg.

JOST and Aitonomi are already cooperating on the integration of JOST’s automatic comfort coupling system (KKS) and JOST steering and axle systems with Aitonomi's AutoPilot, developing fully autonomous transport solutions for depots and port terminals which are already proving themselves in use successfully.

The partnership has now been further strengthened: With a convertible loan in the single-digit million range, JOST is contributing significantly to the corporate financing of Aitonomi. JOST is thus supporting Aitonomi in the implementation of its strategic growth targets, further deepening the strategic partnership the two companies have already begun.

Joachim Dürr, CEO of JOST Werke SE, says: "We see great market potential in the cooperation and joint development with Aitonomi to further drive the technological transformation in the transport industry. The increasing global demand for automation offers JOST and Aitonomi great opportunities to jointly develop new, intelligent solutions and systems that will combine fully autonomous, electrically powered transportation systems with artificial intelligence and robotics. JOST has therefore decided to invest in a strategic and financial partnership with Aitonomi to support joint research projects in order to seize these opportunities."