Aptiv acquires edge software developer Wind River for $4.3bn

Autonomous Vehicle

Aptiv, an electric vehicle parts supplier, is acquiring Wind River from TPG Capital for $4.3 billion (£3.14bn) in cash.

Wind River builds software for edge networks and is currently used on more than two billion edge devices by 1,700 global customers. It generated $400 million (£292m) in revenue in 2021.

Its software allows for the secure development, deployment, and servicing of mission-critical intelligent systems across the aerospace, telecommunications, and...

12 January 2022 | Connected Vehicles

Toyota subsidiary to acquire Lyft’s autonomous vehicle division

Toyota subsidiary Woven Planet has announced that it’s acquiring Lyft’s autonomous vehicle division for $550 million.

The division, known as Level 5, has established itself among the leaders in the development of autonomous driving technologies.

Logan Green, Co-Founder and CEO of Lyft, said:

“Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. Lyft has spent nine years building a transportation...

27 April 2021 | Connected Vehicles

Google’s acquisition of Fitbit finally crosses the finish line

Google has completed its acquisition of Fitbit after assuring regulators the company will protect user data.

The $2.1 billion acquisition was first announced in November 2019 but caught the attention of regulators around the world amid increasing scrutiny of “big tech” companies like Google.

In a letter announcing the completion of the acquisition, Fitbit founder James Park wrote:

“The trust of our users will continue to be paramount, and we will maintain...

14 January 2021 | Consumer IoT & Wearables

Hyundai is acquiring lifelike robotics pioneer Boston Dynamics

Hyundai is acquiring Boston Dynamics, a pioneering robotics creator behind the infamous robotic dog ‘Spot’.

Spot went viral for being eerily close to being able to mimic the movements of a real dog. People were quick to note the similarities between Spot and the fictional unstoppable killer robots which appear in an episode of Charlie Brooker’s dystopian TV show Black Mirror.

https://twitter.com/malaymango/status/1309713556854599681

Boston Dynamics is famous...

17 December 2020 | IoT

The EU is set to approve Google’s acquisition of Fitbit this week

While most eyes are on the close-to-collapse Brexit negotiations, another notable European decision is finally expected this week.

Google’s proposed $2.1 billion takeover of Fitbit naturally caught the attention of the European Union—which continues to tighten its screws on “big tech” over privacy concerns.

According to Bloomberg’s sources, the EU will grant conditional approval for Google’s historic takeover this week.

We don’t know what...

7 December 2020 | Consumer IoT & Wearables