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Joint-venture Signant develops telematics for cars

The car manufacturers Renault, PSA Peugeot Citroen and Ford have jointly set up a new limited company in Belgium, with the specific objective of developing telematic services for sale to their respective customers. The new company, Signant, with registered premises in Brussels, has at its disposal a fully paid-up starting capital of 1 million euros. Each of the three parent companies holds a third of the 900 shares.



The French Renault consortium also represents the interests of Nissan, its strategic partner in the Far East. As long ago as March 2002 the Renault-Nissan-PSA-Ford tandem made public its intention to set up a multi-ownership telematics subsidiary. It has now become clear that the subsidiary in question is Signant and that it will be based in Belgium.

Telematics is the generic name for all the various techniques which allow information of whatever kind to be accessed in vehicles (traffic problems, sights of interest, company locations, etc.). In this new and high technology field, Signant can call upon the combined technical expertise of its car manufacturing parents. Renault, Nissan, PSA and Ford hope to create a “common European infrastructure”, onto which they can graft a range of service companies dealing with “mobility” in the widest sense of the word. By working together, they hope to cut costs and take advantage of other economies of scale.

Spokesmen for Renault and PSA in Paris have confirmed that the new joint venture will operate out of Brussels. The name of Signant’s new managing director and the numbers of people the company will employ have not yet been officially announced.

Reported by
FIT
19 June 2002

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Joint-venture Signant develops telematics for cars | Invest In Flanders

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