An Aptiv autonomous vehicle driving in Las Vegas in 2019. | Credit: Aptiv
Aptiv is acquiring software developer Wind River for $4.3 billion. The acquisition is expected to close in mid-2022 and is subject to customary conditions.
Wind River is a global leader in developing software for the edge. Its software is used on more than two billion edge devices across more than 1,700 customers globally. Wind River generated approximately $400 million in revenue in 2021. Intel acquired Wind River in 2008 for $884 million. Intel sold Wind River to TPG Capital in 2018 for an undisclosed amount.
Aptiv, a global mobility company, said the acquisition allows it to execute against the large software-defined mobility opportunity and expand into multiple industries. Aptiv said it will combine Wind River Studio, a cloud-native intelligent systems software platform, with its SVA platform and automotive expertise.
Led by Kevin Dallas, Wind River will continue to operate as a standalone business within Aptiv as part of the Advanced Safety & User Experience (AS&UX) segment.
“The 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,” said Kevin Clark, president and chief executive officer of Aptiv. “Fully 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. These same needs are driving the growth of the intelligent edge across multiple end markets.
“With Aptiv and Wind River’s synergistic technologies and decades of experience delivering safety-critical systems, we will accelerate this journey to a software-defined future of the automotive industry. In addition, we are committed to further strengthening Wind River’s competitive position in the multiple industries it serves. We look forward to welcoming the world class Wind River team to the Aptiv family as we continue to develop a safer, greener and more connected world.”
In 2019, Aptiv and Hyundai Motor Group formed the autonomous driving joint venture now known as Motional. The joint venture is working to commercialize SAE Level 4 and 5 self-driving technologies.
“Wind 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,” said Dallas. “Combining Wind River’s industry-leading software, customer base and talent with Aptiv’s complementary technologies, global resources and scale will realize 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. We look forward to working with the Aptiv team to reach even greater heights and provide further growth opportunities for our customers and partners.”
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