Auto parts maker Aptiv PLC said on Tuesday it would buy software developer Wind River for $4.3 billion in cash to bolster its offerings as the auto industry revs up spending on self-driving and electrification.
said on Tuesday it would buy software developer Wind River for $4.3 billion in cash to bolster its offerings as the auto industry revs up spending on self-driving and electrification.
Owned by private equity firm TPG Capital, Wind River develops software and cloud systems for industries such as automotive, aerospace and defense.The purchase also comes at a time when several automakers are moving software development in-house to tap into a multi-billion dollar market, potentially impacting auto parts suppliers.
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