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Init Innovation in Traffic Systems Buys 68% Stake in Norway-based Applied Autonomy

MT Newswires·10/06/2026 00:40:42
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12:40 AM EDT, 10/06/2026 (MT Newswires) -- Init Innovation in Traffic Systems (IXX.F) on Oct. 1 purchased a 67.74% stake in Norway-based autonomous vehicle software developer Applied Autonomy. The German public transportation services company said Monday that the stake purchase marks its entry into the market for the management of autonomous vehicles.