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

  • October 5, 2022
    Velodyne Lidar buys Bluecity
    Lidar and software firms already work together on Velodyne’s Intelligent Infrastructure Solution
    Read More
  • April 30, 2020
    Intelligent powertrains could make cost cuts
    Intelligent vehicle powertrains could be a way of making substantial cuts in operating costs and emissions. David Crawford looks at some far-reaching initiatives in Europe and North America
    Read More
  • March 14, 2017
    Intel to acquire Mobileye
    Intel Corporation has entered into negotiations to acquire Israeli computer vision and machine learning company Mobileye, in a deal which brings together Mobileye’s computer vision expertise with Intel’s computing and connectivity expertise to create automated driving solutions from cloud to car. The two companies expect the combination to accelerate innovation for the automotive industry and position Intel as a provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimate
    Read More
  • April 2, 2014
    Parsons acquires Delcan
    US-based transportation planning, engineering, and construction company Parsons has expanded its global transportation operations with the acquisition Delcan, an international multidisciplinary engineering, planning, management, and technology firm that provides a broad range of integrated systems and infrastructure solutions to the transportation market. Delcan is a strategic addition to Parsons and signals the firm’s intent to expand its geographic footprint in transportation, one of the corporation’
    Read More

Highlighted Content