Delphi closes acquisition of nuTonomy
Delphi Automotive PLC, soon to be Aptiv, announced Nov. 21 that it has closed its acquisition of nuTonomy, a leading developer of autonomous driving (AD) software solutions. The addition of nuTonomy further strengthens Aptiv's position as a technology leader in the global autonomous mobility market.
nuTonomy was founded in 2013 by Dr. Karl Iagnemma and Dr. Emilio Frazzoli and was recently named a World Economic Forum Technology Pioneer for its work in improving the safety, efficiency and accessibility of urban transportation. With more than 100 employees, including 70 engineers and scientists, nuTonomy contributes significant additional scale and resources to Aptiv's existing AD capabilities, more than doubling its current 100-member AD team and increasing its access to new customers and markets in the emerging mobility space.
By combining efforts in Boston, Singapore and other pilot cities around the world, Aptiv will have 60 autonomous cars on the road across three continents by year-end, with the goal to further accelerate global fleet expansion and technology development.
Terms of the transaction are consistent with those announced on October 24, 2017. GCA Advisors, LLC and Goldman, Sachs & Co. served as financial advisors to Delphi Automotive PLC.
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