Delphi reaches agreement on nuTonomy acquisition

Delphi has signed an agreement to acquire nuTonomy (NT) for an upfront purchase valued $400 million (£303 million) and earn-outs totalling approximately $50 million (£37 million). It will accelerate Delphi's commercialization of autonomous driving (AD) and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide. The transaction is subject to customary closing conditions and is expected to close before the end of the year.
October 30, 2017 Read time: 2 mins

7207 Delphi has signed an agreement to acquire nuTonomy (NT) for an upfront purchase valued $400 million (£303 million) and earn-outs totalling approximately $50 million (£37 million). It will accelerate Delphi's commercialization of autonomous driving (AD) and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide. The transaction is subject to customary closing conditions and is expected to close before the end of the year.

Dr. Karl Iagnemma, Dr. Emilio Frazzoli and NT are developing a proprietary full-stack AD software solution for the global AMoD market. The company will add over 100 employees, including 70 engineers and scientists, to Delphi’s 100+ member AD team.

Once the transaction has been completed, Delphi will have AD operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley.  NT will remain in Boston, where both companies currently operate AMoD pilot programs. Through combining efforts with NT in Boston, Singapore, and other pilot cities around the world, Delphi will have 60 autonomous cars on the road across three continents by the end of the year.

Related Content

  • November 4, 2024
    Almaviva completes $335m acquisition of Iteris
    Italian group wants to expand its footprint in US
    Read More
  • February 6, 2014
    Contactless tickets forecast to reach 1.7 billion in 2018
    ABI Research has forecast that a combination of memory and microcontroller smart cards alongside disposable ticketing solutions will reach shipments totalling 1.7 billion units in 2018. The primary drivers include the increasing move to national standards and the enablement of near field communications (NFC) and open-loop payments. This trend is a consistent feature across all continents with particular progress within the UK, US, Australia, Germany, Turkey, and the BRIC countries forming a growth engine
    Read More
  • August 17, 2016
    Nissan using anthropologist to develop proPILOT autonomous vehicle
    Nissan is using an array of technical talent to develop its next generation autonomous vehicle, including automobile and software engineers, experts on sensor technology and artificial intelligence, computer scientists, production specialists an anthropologist. Melissa Cefkin, principal scientist and design anthropologist at the Nissan Research Center in Silicon Valley is playing a key role in the project, analysing human driving interactions to ensure that it is prepared to be a ‘good citizen’ on the ro
    Read More
  • November 14, 2017
    West Midlands pilots the UK’s first MaaS
    Mobility-as-a-Service is being piloted in the UK’s second largest metropolitan area and will shortly be opened to the travelling public. A fully operational Mobility-as-a-Service (MaaS) offering is being piloted in the West Midlands region of the UK. Covering seven local authorities which make up the West Midlands metropolitan area and population of 2.8 million, the service is being provided through a memorandum of understanding (MOU) between Transport for West Midlands (TfWM), Finnish company MaaS Global
    Read More

Highlighted Content