To offer comprehensive, high-fidelity plastics database on the market, Altair, a global technology company announced that it acquired M-Base Engineering + Software GmbH.

Altair provides solutions in data analytics, simulation, and high-performance computing (HPC), while M-Base is a leading international supplier of material database and material information systems, with a focus on plastics.

The acquisition of M-Base will allow Altair to offer a comprehensive, high-fidelity plastics database available on the market, which will directly connect with Altair’s powerful solvers.

One of the most important decisions in product development is the selection of materials for production. Altair has been investing significantly in the area of material modeling for several years. The acquisition of M-Base is an important additional step to deliver comprehensive material information and infrastructure to predict and optimise product performance through simulation. M-Base's offering covers the complete lifecycle of material data, from testing and test evaluation to computer-aided engineering (CAE) interfaces, with a focus on plastics. 

M-Base brings to Altair first-rate plastics material data supplied directly by material producers, deep knowledge in material database technology, and plastics material data preparation from raw data to data consumable by designers and engineers. It is the official software supplier to Computer Aided Material Preselection by Uniform Standards (CAMPUS), the world’s most successful plastic material database adhering to rigorous international standards. Altair will continue to invest in CAMPUS to ensure consistent, high-quality material data for customers to drive accurate simulation results.

The integration of M-Base into the Altair ecosystem brings deep knowledge and experience in material database projects, as well as the high-quality data our customers require to improve the design of their products,” said James R. Scapa, founder and chief executive officer of Altair. “It also expands our presence in the plastics industry, as M-Base holds strong relationships with plastics manufacturers and the gold standard, CAMPUS. We look forward to working deeply with CAMPUS members to grow together.” 

“As a steering committee member of CAMPUS, we have built a beneficial relationship with M-Base who helped us to broaden the impact of the CAMPUS database,” said Dr. Peter Höck, head of technical product and quality management polycarbonates at Covestro. “We are confident that Altair will bring expanded benefits to our members through their technology, teams, and investments.”

M-Base's Web-based plastics database, Material Data Center, is the leading plastics information tool, enabling accurate material selection in the early design phases and offering continuity throughout the product lifecycle. It covers the complete international plastics market including the entire content of the CAMPUS database, as well as an application database, a trade-name directory, a literature database, and several other tools to support designers and engineers.

“Integrating our technology and Material Data Center with Altair will provide excellent functionality for engineers and designers during material selection and product development processes,” said Dr Erwin Baur, co-founder of M-Base. (MT)

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TomTom, the location technology specialist, has announced the appointment of Mike Schoofs as Chief Executive Officer and a member of the Management Board. The decision was formalised following approval by shareholders at the company’s Annual General Meeting (AGM). The AGM also confirmed the appointment of Co-founder and former CEO Harold Goddijn to the Supervisory Board, alongside Joep van Beurden, while Derk Haank was reappointed as a member.

Schoofs joined TomTom in 2005 after holding positions at KPN-Orange and Samsung. During his tenure, he has served in various commercial leadership roles globally and within specific regions. In 2023, he assumed the role of Chief Revenue Officer, where he managed the company’s commercial strategy and expanded its enterprise business footprint. A Belgian national based in Amsterdam, Schoofs also serves as an advisor to several European startups.

The leadership transition occurs as the company focuses on the integration of artificial intelligence within location intelligence and the provision of data for its partners. TomTom’s strategy remains focused on scaling its commercial presence across all business segments under the new executive structure.

Derk Haank, Chairman of TomTom’s Supervisory Board, said, “Mike brings extensive commercial leadership experience and deep knowledge of TomTom’s business, built over more than two decades with the company. We are confident that he is well positioned to lead TomTom in its next phase.”

Mike Schoofs, said, “I’m excited to lead TomTom at a moment when location intelligence is reaching a decisive turning point, accelerated by AI and the growing need for trusted, real‑world data. I look forward to creating lasting impact for our customers and our partners.”

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IVECO BUS Academy is incorporating virtual reality (VR) into its training curriculum to support the maintenance and operation of electric vehicles across Europe. The initiative follows a year in which the academy trained 6,100 people across 800 sessions in 2025. This integration aims to address the technical skills required for high-voltage vehicle systems while ensuring safety and operational efficiency.

The use of VR technology allows trainees to perform maintenance procedures in a simulated environment, eliminating physical risks associated with incorrect handling of electrical components. The immersive system enables repetitive practice of technical operations and reproduces complex scenarios that are difficult to simulate in conventional training environments. By utilising these tools, the academy seeks to improve knowledge retention and the long-term proficiency of technical teams.

The academy provides training tailored to the requirements of transport operators, updating its content to reflect changes in energy sources, vehicle technology and industry regulations. These programmes are delivered both at the academy's facilities and on-site at customer premises. The deployment of VR is intended to reduce downtime for vehicle fleets by improving the diagnostic capabilities of service personnel.

Teresa Magno, IVECO BUS Academy, said, “At IVECO BUS Academy, we know that delivering sustainable mobility extends far beyond the product itself. A vehicle is only truly efficient when it is supported by the right services. Fleet availability also relies on the expertise of skilled teams. As technologies evolve, so do the competencies required for diagnostics. With these new educational tools, IVECO BUS Academy confirms its ambition to provide comprehensive solutions, where training becomes a real driver of performance, safety and customer satisfaction.”

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IndiGo Ventures has completed a INR 100 million strategic equity investment in Sarla Aviation, marking a formal entry into the Indian electric vertical take-off and landing (eVTOL) sector.

The funding was part of a recent round led by Accel and Nikhil Kamath. The partnership is intended to establish an infrastructure for air taxi operations across India, specifically targeting transport corridors between zero and 300 kilometres.

Sarla Aviation is a startup focusing on the development of hybrid-electric aircraft platforms. The firm operates a private eVTOL demonstrator and employs an engineering team with previous experience at international firms including Lilium, Joby and Volocopter.

By utilising electric flight technology, the company aims to provide transport services for airport transfers, inter-city commutes and emergency medical runs at lower costs than traditional helicopter services.

The collaboration pairs Sarla's hardware development with the operational infrastructure of IndiGo, India's largest airline. At present, IndiGo operates over 2,000 daily flights across 85 airports and maintains a national network of maintenance, repair and overhaul (MRO) facilities. This investment aligns with global trends where major carriers, such as United Airlines and Delta Air Lines, have backed eVTOL manufacturers to secure future urban air mobility solutions.

Beyond passenger transport, the investment is expected to influence the domestic aerospace supply chain, including the production of composites, avionics and battery systems. Potential routes identified for future operations include Bengaluru Airport to Electronic City and Gurugram to Noida, which could see transit times reduced from over 90 minutes to approximately 15 minutes.

Adrian Schmidt, Co-Founder & CEO, Sarla Aviation, said, “IndiGo’s investment marks a turning point — not just for Sarla, but for the future of how India moves. For decades, Indians have accepted that distance means delay, that geography is a constraint you live with. We believe that era is ending. Having IndiGo — the airline that made flying accessible to hundreds of millions of Indians — stand behind this vision gives it a weight and credibility that we could not have built alone. India has always dreamed big. Now we have the partners to match the dream.”

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German technology company Robert Bosch has announced its 2030 strategy, prioritising technological leadership in automation, electrification and artificial intelligence (AI) to navigate a challenging global economic environment.

Despite geopolitical tensions, the group reported 2025 sales revenue of EUR 91 billion, a slight increase from the previous year. For 2026, the company expects sales growth of 2–5 percent and an improved EBIT margin from operations between 4–6 percent.

The 2025 financial results were impacted by structural and personnel adjustments, resulting in provisions of EUR 2.7 billion. These measures reduced the EBIT margin from operations to 2 percent, down from 3.5 percent in 2024. However, the group maintained a high level of investment, dedicating EUR 12 billion to research, development and capital expenditure. Bosch remains a prolific patent applicant, registering approximately 6,300 patents in 2025.

A primary focus for the company is the advancement of sensor technology and automotive software. The global market for sensors is projected to exceed USD 440 billion by 2031, and Bosch is positioning its BMI5 sensor platform for applications in robotics and automated driving.

In the mobility sector, the firm secured orders worth EUR 10 billion in 2025 for driver assistance solutions and central vehicle computers. The group also expects to deliver more than 7 million components for electric vehicles this year.

The company is diversifying its reach through regional partnerships, including a joint venture with Tata AutoComp Systems in India to manufacture electric motors and axles. In the consumer goods sector, artificial intelligence is being integrated into products such as home appliances and professional power tools to drive sales.

To support future investments and improve capital market access, Bosch will begin publishing interim consolidated financial statements. The group's equity ratio remains high at 41.6 percent, with a positive free cash flow of EUR 300 million recorded in 2025. Total headcount saw a slight reduction of 1 percent during the year, ending with 412,774 associates worldwide.

Stefan Hartung, Chairman of the Board of Management of Robert Bosch, said, “Bosch can deliver the future – even under unfavourable conditions. 2026 will be a year of progress. As a global technology leader, we are committed to shaping the trends of automation, digitalization, electrification, and artificial intelligence, as this also paves the way for profitable growth in our business. An important prerequisite for this are the cost-cutting effects of the structural measures we have already initiated and innovations in all business areas.”

Markus Forschner, Member of the Board of Management and Chief Financial Officer, Robert Bosch, said, “Competitiveness is the foundation for profitable growth – it secures our investments for the future. This strengthens our resilience in the face of upcoming challenges and at the same time boosts our investment capacity for the future.”

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