Bosch, Geo++, Mitsubishi Electric and u-blox to establish joint venture Sapcorda Services to bring high precision GNSS positioning services to Mass Markets
Tokyo, Japan – August 8, 2017 – Bosch, Geo++, Mitsubishi Electric and u-blox today announced the creation of Sapcorda Services GmbH, a joint venture that will bring high precision GNSS positioning services to mass market applications. The four parties recognized that existing solutions for GNSS positioning services do not meet the needs of emerging high precision GNSS mass markets. As a result, they decided to join forces to facilitate the establishment of a worldwide available and affordable solution for System Integrators, OEMs and receiver manufacturers. Each partner brings its unique expertise to the joint venture Sapcorda Services.