# Schaeffler forms joint venture to acquire Paravan's drive-by-wire technology

Schaeffler Group, Roland Arnold and Paravan GmbH signed a master agreement to form a joint venture, Schaeffler Paravan Technologie GmbH und Co. KG, to further develop Paravan's SPACE DRIVE drive-by-wire technology. Schaeffler will hold a 90% stake. The transaction is pending regulatory approval.

- Type: Acquisition
- Announced: 2018-08-06
- Where: Germany
- Status: announced
- Products: drive-by-wire technology, steer-by-wire systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (acquirer)
- [Paravan GmbH](https://endata.com/companies/18908.md) (target)
- [Roland Arnold](https://endata.com/companies/33589.md) (partner)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/schaeffler-acquires-drive-by-wire-technology/), 2018-08-06: "The object of the joint venture company, which will be called Schaeffler Paravan Technologie GmbH und Co. KG, is the further development of Paravan's SPACE DRIVE drive-by-wire technology."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.