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

  • August 26, 2016
    Installed base of fleet management systems in Europe to reach 10.6 million by 2020
    The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.9 percent, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company ha
    Read More
  • March 17, 2015
    Delphi to launch first coast-to-coast automated drive
    UK automotive company Delphi Automotive will demonstrate the full capabilities of its active safety technologies with the longest automated drive ever attempted in North America. The coast-to-coast trip will launch near the Golden Gate Bridge in San Francisco on 22 March and will cover approximately 3,500 miles, finishing in New York. The journey will allow Delphi engineers to gather critical data and further advance the company’s active safety technology development in this rapidly growing segment of the a
    Read More
  • January 26, 2015
    Ford Opens new Silicon Valley research centre
    Ford’s newly opened Research and Innovation Center Palo Alto, US, will drive the company’s innovation in connectivity, mobility, autonomous vehicles, customer experience and big data, it says. The new research centre will continue the company’s work on autonomous vehicles, including ongoing work with University of Michigan and Massachusetts Institute of Technology. It will also expand collaboration with Stanford University that started in 2013 and will contribute a Fusion autonomous research vehicle to t
    Read More
  • August 17, 2016
    Ford targets fully autonomous vehicle in 2021
    Ford has announced its intention to have a high-volume, fully autonomous vehicle in commercial operation in 2021. The new vehicle will be a Society of Automotive Engineers-rated level 4-capable vehicle without a steering wheel or gas and brake pedals. It is being specifically designed for commercial mobility services, such as ride sharing and ride hailing, and will be available in high volumes. SAE level 4 is one level below full automation and is defined as ‘mode-specific performance by an automated
    Read More

Highlighted Content