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Aptiv to acquire Wind River in all cash deal

The auto parts supplier Aptiv has announced that it is to buy software firm Wind River from private equity firm TPG Capital for $4.3 billion in cash.

Wind River makes software for the intelligent edge. Used on over two billion edge devices across more than 1,700 customers globally, the company's software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems.

Its edge-to-cloud software portfolio spans the aerospace and defence, telecommunications, industrial and automotive markets and is anchored by Wind River Studio, a comprehensive cloud-native intelligent systems software platform that enables full product lifecycle management for edge-to-cloud use cases.

Wind River generated approximately $400 million in revenues in 2021.

“The automotive industry is undergoing its largest transformation in over a century,” said Kevin Clark, president and chief executive officer of Aptiv. “Fully capitalising on this opportunity requires comprehensive solutions that enable software to be developed faster, deployed seamlessly and optimised throughout the vehicle lifecycle by leveraging data-driven insights. These same needs are driving the growth of the intelligent edge across multiple end markets. With Aptiv and Wind River’s synergistic technologies and experience delivering safety-critical systems, we will accelerate this journey to a software-defined future of the automotive industry.”

Commenting on the announcement Kevin Dallas, president and chief executive officer of Wind River, added, “Combining Wind River’s software, customer base and talent with Aptiv’s complementary technologies, global resources and scale will realise our vision of the new machine economy. Together we will accelerate the digital transformation of our customers across industries through best-in-class intelligent systems software.”

Author
Neil Tyler

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