With its own team of specialists, Gloster-Minero Hungary, the subsidiary of Gloster Infocommunication, is set to advance the global production management system of BMW, operational 24/7 across three continents, in a project extending until 2029.
Gloster announced on Wednesday that its subsidiary won BMW’s €15 million industrial software development contract through a multi-round international tender. In the 2029 project, Gloster-Minero Hungary will develop the German car manufacturer’s global production management system, operational 24/7 across three continents, for approximately 5.8 billion HUF, using its own team of specialists. The preliminary agreement for the software development contract has already been signed. No new hires are required to fulfil the contract; Gloster will complete it using its existing internal resources without involving additional subcontractors. According to the agreement, the fee will be adjusted three times in line with Eurozone inflation until the end of the contract.
The announcement highlighted that Gloster, which has been an automotive software supplier for many years, won the tender at a 25 per cent higher price compared to previous similar-sized and length projects for BMW.
The software to be developed is a critical element of BMW’s global manufacturing processes, and its continuous operation is essential for the manufacturer’s global supply chain. Therefore, significant resources are allocated for its continuous development. The project’s significance is further enhanced by Gloster’s provision of professional software and infrastructure management services from its development centres in Szeged, Budapest, and Kecskemét, in addition to the specialized automotive software development service. The tasks are executed according to the strictest German industrial standards, as confirmed by the TISAX automotive certification.
Gloster’s engineers are also developing an AI-based resource estimation system, currently in the experimental phase,
which is expected to improve resource estimation for individual tasks by up to 30 per cent, thereby optimizing development resources more efficiently. The internally developed solution is entirely secure, operating solely within Gloster’s internal network, completely isolated from the internet and other project data, ensuring that customer data never leaves the public network.
Plans indicate that, following successful tests, Gloster’s team will develop the solution into a proprietary product available for purchase with a few clicks from a global software marketplace. This move aligns with Gloster’s Level Up programme, where the company’s management has allocated significant resources for expanding foreign markets, in addition to improving internal efficiency. Last November, the company announced securing a contract exceeding 1 billion HUF from Sony Music, and on 7 June 2022, they signed a development contract worth €600,000 with German company Audi.
On Wednesday morning, Gloster’s shares strengthened by 5.6 per cent to 940 forints. Two investment service providers track Gloster; Equilor issued a hold recommendation with a target price of 1,396 forints, while Erste issued a buy recommendation with a target price of 1,183 forints.
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