This strategic decision responds to the growing demand for integrated and customized technological solutions in sectors such as defense, automotive, and industrial.
“The decision to invest in this new business field comes as a natural step in our evolution. We have identified an increasing demand for integrated solutions that combine state-of-the-art hardware and software. This new domain allows us to offer our clients complete, efficient, and customized solutions while keeping costs under control”, said Mihai Filip, CEO of OVES Enterprise, mentioning that, in the current context, the tech industry faces significant challenges related to the accessibility and specificity of hardware components. “The lack of complete documentation for the latest components on the market is a challenge, and developing an embedded system from scratch requires creativity and a solid technical background”.
The expansion into this new business area is based on the acquisition of a minority stake in MXT Creation, a company recognized for its expertise in advanced electronics, thus integrating its capabilities under the OVES Enterprise umbrella.
Presence in this new market follows an investment of over 300,000 euros in the last two years in prototyping and testing equipment, as well as licenses for simulation and development software. These investments underscore the company’s commitment to providing cutting-edge technological solutions, enabling it to develop embedded boards that precisely meet clients’ requirements, offering complete support from the concept phase to the final product, the statement reads.
The expertise brought by MXT Creation, through its engineers with backgrounds in electronics, telecommunications, and information technology, adds significant value. MXT engineers use state-of-the-art tools and equipment to design and develop complex hardware and software systems, ensuring high performance and reliability for industrial and military applications.
The embedded boards developed by OVES Enterprise stand out for their use of the latest generation microprocessors, specially configured for AI and RealTime applications, ensuring low power consumption, essential for operations in devices such as drones, missiles, or other defense equipment. Compared to existing alternatives on the market, OVES solutions offer similar performance at a significantly lower cost. Additionally, despite the reduced costs, complexity remains at the highest level, as the company is currently capable of producing 16-layer embedded boards with 136 components, allowing their use in critical applications such as medical equipment, military systems, telecommunications, or advanced control systems, where high-density interconnections and high performance are required, as per the statement.
The expansion into this new business field brings multiple benefits for OVES Enterprise and its clients. Besides cost reduction and increased technological independence, the company can offer customized solutions that meet each client’s specific needs. Moreover, the flexibility and ability to bring rapid and efficient alternatives to the market contribute to strengthening OVES Enterprise’s position as an innovator in the embedded technology field.
OVES Enterprise is a Romanian software development company and drone manufacturer, established in 2015 in Cluj-Napoca. Since 2019, OVES Enterprise strategy has included offering more complex software development services for projects in the automotive, eCommerce, fintech, telecom, and international governmental institutions areas, becoming a technological partner for complex and technologically sophisticated projects. in 2023, OVES Enterprise expanded its activities with a new line of business focused on drone production.
Currently, more than half of the company’s turnover is generated by projects outside Romania, integrating new technologies from the fields of artificial intelligence and big data. OVES Enterprise currently employs over 200 people and has offices in Romania, Germany, the United Arab Emirates, the United Kingdom, the USA, and Norway.