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

  • December 4, 2013
    Alliance stages North American back office interoperability trial
    JJ Eden, President and CEO of the Alliance for Toll Interoperability, talks to Jason Barnes about the new inter-agency hub, which will facilitate national transactions When it comes to achieving interoperability, the sheer diversity of technologies in operation in the US is perhaps the tolling industry’s greatest defining characteristic and its biggest challenge. The situation is in stark contrast with some other regions of the world, such as Europe where the use of common front-end Dedicated Short-Range
    Read More
  • April 19, 2012
    Daimler and Bosch announce JV
    Daimler and Robert Bosch have signed agreements on the establishment of a 50:50 joint venture (JV) for electric motors. Subject to the approval of the antitrust authoritie, the new company, which is to be set up under the name EM-motive, will develop, produce, and market innovative electric motors for electric vehicles.
    Read More
  • October 22, 2018
    MaaS transit does Dallas
    What started five years ago as a mobile ticketing app is evolving towards a full MaaS offering for the US city of Dallas, Texas. Colin Sowman finds out why and how. When it was launched in September 2013, GoPass was the first multimodal, multi-agency transit fare payment app in the US. Introduced by the Dallas Area Rapid Transit (Dart), GoPass combines a mobile ticketing app with a trip planning function and it is also accepted by Trinity Railway Express, Trinity Metro and the Denton County Transportation
    Read More
  • November 10, 2016
    Tesla to acquire German engineering company
    In a blog post, Tesla says it has entered into an agreement to acquire German engineering company Grohmann Engineering. Led by founder and CEO Klaus Grohmann, Grohmann Engineering is experienced in highly automated methods of manufacturing.
    Read More

Highlighted Content