Published on January 11th, 2022 📆 | 3102 Views ⚑
0Aptiv to acquire Wind River and accelerate innovations in automotive technology
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Vehicle technology company Aptiv has announced its intent to acquire the embedded systems company Wind River from TPG Capital. The acquisition is valued at $4.3 billion and is expected to close mid-year.Â
âThe automotive industry is undergoing its largest transformation in over a century, as connected, software-defined vehicles increasingly become critical elements of the broader intelligent ecosystem,â said Kevin Clark, president and chief executive officer of Aptiv. âFully capitalizing on this opportunity requires comprehensive solutions that enable software to be developed faster, deployed seamlessly and optimized throughout the vehicle lifecycle by leveraging data-driven insights.â  Â
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According to Aptiv, this acquisition will enable the company to expand into several high-value industries and produce innovations across connected devices like vehicles.Â
Wind River Studio will become integrated into Aptivâs SVA platform to further innovate on automotive software solutions.Â
Wind River will continue to operate as a stand-alone unit within Aptiv, led by Wind Riverâs current CEO Kevin Dallas.Â
âWind River has established itself as a worldwide leader in cloud-native, intelligent edge software that delivers the highest levels of security, safety, reliability and performance,â said Dallas. âCombining Wind Riverâs industry-leading software, customer base and talent with Aptivâs complementary technologies, global resources and scale will realize our vision of the new machine economy.
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