Aptiv Agrees to Acquire U.S. Software Company Wind River

Aptiv, a global technology company that develops greener, safer, and connected mobility has announced plans to acquire Wind River from private equity firm TPG Capital. Aptiv will pay $4.3 billion in cash to complete this acquisition. However, Aptiv has said that it would finance the acquisition with a combination of debt and cash. 

The deal is expected to close around mid-2022 and is subject to customary terms and conditions. 

SEE ALSO: Software Giant Blackbaud Acquires Everfi for $750 Million

Why is Aptiv acquiring Wind River?

Kevin Clark, Chief Executive Officer and President of Aptiv said that the automotive industry is currently witnessing a major transformation as the volume of software-defined and connected vehicles has increased. Besides, they are becoming an integral part of the entire automotive ecosystem and the trend is expected to continue in the future. 

This is why Aptiv is looking forward to making inroads in the automotive sector. However, capitalizing on this opportunity requires considerable investment and a range of solutions that facilitate the faster development of software. Besides, these solutions will also help in the smooth deployment of the software through the entire vehicle lifecycle by utilizing data-driven insights. 

Similar requirements are fueling the demand for intelligent edges across different end markets. Clark said that Wind River and Aptiv’s rich experience coupled with compatible technologies will provide fertile ground for the development of a software-centric automotive industry. 

This deal will also help Wind River cement its market presence in all the industries it caters to. Both the companies have teamed up to create a greener, more connected, and safer connected ecosystem. 

How does this acquisition help Wind River?

Over the past decades, Wind River has solidified its position as a formidable force in the intelligent-edge, cloud-native software market. 

Kevin Dallas, Chief Executive Officer, and President, Wind River is of the opinion that combining Wind River’s customer base, software, and talent with Aptiv’s complementary technologies will help them realize their shared vision of the new machine economy. He believes that the partnership will accelerate the digital transformation of their customers across different industries with the best-in line software solutions. 

How will this deal benefit Aptiv?

This acquisition will allow the company to broaden its horizons and tap opportunities in various high-value industrial sectors. The acquisition will also facilitate a number of end-use innovations and applications. 

Aptiv will also integrate River Studio’s offering with its automotive expertise and SVA platform to strengthen its position in the automotive software industry. This will help them provide an economical and faster full vehicle software architecture. 

SEE ALSO: Netsuite Acquires Part of Verenia, a Popular CRM and CPQ Vendor Verenia

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

We will be happy to hear your thoughts

Leave a reply

ToolsMetric
Logo
Compare items
  • Total (0)
Compare
0