Completed · Norway · Software and IT services
init takes a majority stake in Applied Autonomy.
Karlsruhe-based transit software group init took a 67.74 percent stake in Applied Autonomy of Kongsberg, Norway, which makes software to operate and monitor autonomous vehicles in public transport, airports and logistics. The stake was acquired on 1 October 2026 and announced on 5 October. The deal completed on 1 October 2026.
SigningDay 100
Announced 5 October 2026 · Day 100 on 9 January 2027
- Buyer
- init innovation in traffic systems SE ·Karlsruhe, Germany
- Target
- Applied Autonomy ·Kongsberg, Norway
- Type
- Majority stake
- Announced
- 5 October 2026
- Completed
- 1 October 2026
- Value
- Not disclosed
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Norway
- In a transfer of an undertaking or part of one, existing employment rights and duties pass to the new employer, and the transfer itself is no ground for dismissal. Working Environment Act (arbeidsmiljøloven), sections 16-2 and 16-4
- Old and new employer inform and discuss the transfer with employee representatives as early as possible. Employees may object, with at least 14 days from being informed. Working Environment Act (arbeidsmiljøloven), sections 16-3 and 16-5
- From NOK 1 billion combined Norwegian turnover, with two parties each over NOK 100 million, a merger or acquisition of control is notified and may not close before the review ends. Competition Act (konkurranseloven), sections 18 and 19
Sources
- Buyer release (EQS News), 5 October 2026 (primary source)
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