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30 10 2017 02

UK-based automotive technology developer Delphi Automotive has signed an agreement to acquire the MIT autonomous driving (AD) spin-off company nuTonomy Inc. for an upfront purchase price of US$400m and earn-outs totaling approximately US$50m.

The transaction brings together two of the leading developers of self-driving technology and further accelerates Delphi’s commercialization of AD and automated mobility on-demand (AMoD) systems for auto makers and new mobility customers worldwide.

The acquisition of nuTonomy is the latest in a series of investments that Delphi has made to expand its leadership position in the new mobility space, including the acquisition of AD software developer Ottomatika, and data service companies Control-Tec and Movimento.

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Tags: Vehicle

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