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.

For more information on companies in this article

Related Content

  • NXP Delivers V2X Chipset for Mass-Production Secure Connected Cars
    June 3, 2015
    NXP Semiconductors RoadLINK V2X chipsets – for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication – will be put into highvolume manufacturing for Delphi Automotive. Having secured a partnership with a leading global automaker, Delphi’s platform is expected to be first to market and on the roads in as little as two years.
    Read More
  • Crossing the line: managing traffic across jurisdictions
    June 18, 2024
    The US will eventually have a fully-digitised transportation network, with traffic management devices talking to each other across massive distances. It’s really a question of pain points on the road to full deployment, explains Mark Talbot of Q-Free
    Read More
  • Philips boosts business
    April 23, 2012
    Royal Philips Electronics is boosting its portfolio with a move to acquire Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market.
    Read More
  • Measuring alertness to avert drowsy driver incidents
    December 21, 2015
    Falling asleep at the wheel is the primary cause in thousands of deaths on American and other roads, with truck drivers the most at-risk group. David Crawford investigates measures to counter drowsy driving.
    Read More

Highlighted Content