
A2MAC1 signs Agreement to acquire Tset in order to accelerate next phase of growth in AI-enabled Costing Intelligence
18.6.2026 12:58:32 CEST | GlobeNewswire by notified | Press release
Boulogne-Billancourt, France, 18.06.2026 --- A2MAC1, the global leader in automotive technology and costing intelligence, today announced the signing of a binding agreement to acquire Tset, a Vienna-based provider of advanced cost engineering software for automotive and manufacturing. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.
The combination brings together A2MAC1’s industry-leading benchmarking and costing data platform with Tset’s cloud-native costing and simulation platform, creating a unified Costing Intelligence for the automotive and manufacturing industry.
Addressing a Transforming Cost Engineering Landscape
As automotive manufacturers face rising cost pressure and increasing product complexity, cost engineering environments remain highly fragmented. Data is often disconnected, methodologies vary widely, and workflows lack integration, limiting the ability to generate reliable cost insights quickly. With this acquisition, A2MAC1 directly addresses these challenges by integrating its benchmarking and costing intelligence with Tset’s cost engineering platform.
“This acquisition is a natural next step in the journey we have been building over the past years,” says Patrick Katenkamp, CEO of A2MAC1. “By combining A2MAC1’s benchmarking data, costing expertise and advanced AI capabilities, with Tset’s advanced simulation technology, we are creating a unique platform that enables our customers to move from static analysis to dynamic, fact-driven decision-making. This is a key milestone in our strategy to become the leading AI-powered Costing Intelligence platform.”
“From the beginning, our goal at Tset has been to give cost engineers the flexibility to build and adapt their models based on their own methodologies and data,” says Sasan Hashemi, Co-Founder and CEO of Tset. “Our customers rely on Tset to model costs with accuracy and flexibility. By becoming part of A2MAC1, we can deliver a more integrated, scalable approach that supports the increasingly complex challenges of modern cost engineering,” adds Dr. Gerd Sauermann, Co-Founder and Managing Director of Tset.
From Data to Application: a New Era of Costing Intelligence
By combining A2MAC1’s proven benchmarking expertise, methodologies, and extensive automotive data with Tset’s simulation technology, customers will benefit from:
- Create a single source of truth for cost insights across teams: Costed BOMs can be validated and seamlessly shared with engineering, ensuring all stakeholders work with consistent and reliable cost data from the start.
- Leverage benchmark data within your own costing logic: A2MAC1 data is automatically translated into each customer’s proprietary costing structure, enabling Cost engineers to aggregate insights using their validated methodology.
- Accelerate productivity through intelligent automation: Complex assemblies can be costed at scale using AI-powered costing solutions, significantly reducing manual effort and throughput.
- Unlock the full power of A2MAC1’s Costing Library: Cost Engineers can directly search and leverage A2MAC1’s extensive Costing Library with instantly available Full Vehicle Costings and reference parts within their workflow, enabling faster estimations and more accurate early-phase costing, while strengthening preparation for negotiations.
- Increase confidence with built-in quality checks: Automated validation detects inconsistencies and flags outliers in real time, enhancing the reliability of cost results across teams, programs and scenarios.
Together, Tset and A2MAC1 are committed to driving the next era in cost and value engineering using tech innovation and AI to transform benchmark data into actionable, simulation-driven cost intelligence, empowering faster, more confident decisions across the product lifecycle. The acquisition strengthens A2MAC1’s position as a strategic intelligence platform and trusted advisor to the automotive and manufacturing industry at a time of rapid change in the sector globally.
About A2MAC1
A2MAC1 is a global leader in automotive benchmarking and competitive analysis, supporting manufacturers, suppliers, and mobility innovators worldwide. With a unique combination of data-driven insights, technology expertise, and industry knowledge, A2MAC1 empowers organizations to decode the future of mobility and accelerate transformation. Headquartered in Boulogne-Billancourt, France, the company operates internationally with offices in India, Germany, North America, Japan, China and Korea, serving a broad network of partners and customers across the automotive value chain. For more information, visit www.a2mac1.com.
About Tset
Tset is a Product Cost Management platform that enables manufacturers to make better decisions across product design, sourcing, quoting, and profitability management. By combining cost engineering expertise, integrated data management, and AI-powered automation, Tset helps organizations create transparency across the full product lifecycle. Founded in 2018, Tset serves enterprise customers worldwide across the automotive and industrial manufacturing sectors.
Media Contact:
Lisa Mitschak, Global Director of Marketing, A2MAC1 | Email: lmitschak@a2mac1.com
Attachment
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin