acquires

NI Acquires monoDrive to Accelerate Autonomous Vehicle Development; Announces Strategic Collaboration With Ansys to Address Advanced Simulation Requirements

AUSTIN, Texas–(BUSINESS WIRE)–NI (Nasdaq: NATI) today announced it has acquired monoDrive, a leader in ultra-high fidelity simulation software for advanced driver-assistance systems (ADAS) and autonomous vehicle development. The acquisition expands NI’s reach in the ADAS and simulation markets and will enable NI’s transportation customers to accelerate the development, test, and deployment of safer autonomous systems.

The design cycles for ADAS are complex and automotive OEMs and suppliers need systems that streamline the transitions between simulation, lab-based and physical test environments to ultimately create safer vehicles. Today, disparate tools cause siloed processes, time-to-market delays, and lead to higher costs

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MODE Transportation acquires freight brokerage Avenger Logistics

Avenger’s Jason Roberts to lead MODE’s enterprise operations

MODE Transportation, a leading North American private third-party logistics provider based in Dallas, announced that it has acquired Avenger Logistics, a Chattanooga, Tennessee-based freight brokerage. 

Financial terms of the deal were not disclosed. Investment bankers at Capstone Headwaters brought Avenger to market.

“We are excited to have Avenger as a part of the MODE family, not only because it is an important component of our growth strategy, but also because of Avenger’s strong culture of providing a high level of customer service,” said Lance Malesh, MODE Transportation’s president and chief executive officer.

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