Deals

Delphi Reaches Agreement to Acquire nuTonomy
Date: 
Tuesday, October 24, 2017
Location: 
Boston
Categories: 
B2B
Big Data & Analytics
Hardware & Robotics
Other
Deal Type: 
Acquisition

Delphi Automotive PLC (NYSE: DLPH) announced today that it has signed an agreement to acquire nuTonomy, Inc. for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million.  The transaction brings together the leading start-up and Tier 1 in autonomous driving (AD) and further accelerates Delphi's commercialization of AD and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide.

Founded in 2013 by Dr. Karl Iagnemma and Dr. Emilio Frazzoli and recently named a World Economic Forum Technology Pioneer, nuTonomy is developing a proprietary full-stack AD software solution for the global AMoD market.  The company will add more than 100 employees, including 70 engineers and scientists, to Delphi's more than 100-member AD team, while increasing Delphi's access to new customers and markets in the emerging mobility space... READ MORE