Aptiv, an electric vehicle parts supplier, is acquiring Wind River from TPG Capital for $4.3bn (£3.14bn) in cash.
Wind River develops software for edge networks and is currently used on more than two billion edge devices by 1,700 customers worldwide. It generated $400m (£292m) in revenue in 2021.
Its software enables the secure development, deployment and maintenance of critical intelligent systems in the aerospace, telecommunications and automotive industries.
Kevin Clark, President and CEO of Aptiv, said, “The automotive industry is undergoing its biggest transformation in over a century, as software-defined connected vehicles increasingly become essential parts of the wider smart ecosystem.
“With synergistic technologies from Aptiv and Wind River and decades of experience delivering safety-critical systems, we will accelerate this journey toward a software-defined automotive future.” In addition, we are committed to further strengthening Wind River’s competitive position in the multiple sectors it serves. »
The acquisition gives Aptiv, which has 180,000 employees, access to Wind River telecommunications customers such as Ericsson, T-Systems, Verizon and Vodafone.
Aptiv plans to combine the services of Wind River Studio with Aptiv’s SVA platform to develop new automotive software. Kevin Dallas, President and CEO of Wind River, will continue to lead the company as a standalone business within Aptiv.
Dallas said, “Wind River has established itself as a global leader in cloud-native intelligent edge software that delivers the highest levels of safety, security, reliability and performance. Combining Wind River’s industry-leading software, customers and talent with Aptiv’s complementary technologies, global resources and scale will deliver our vision for the new machine economy.
Aptiv said it would fund the transaction with a combination of cash and debt, and the acquisition is expected to close by mid-2022.
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