Delphi Automotive has announced that it has signed an agreement to acquire autonomous driving software developer nuTonomy.
Delphi said that the transaction, with an upfront purchase price of $400 million, would accelerate its commercialisation of autonomous driving and Automated Mobility on-Demand (AMoD) solutions for carmakers and other mobility customers around the world.
The acquisition of nuTonomy, founded by Dr. Karl Iagnemma and Dr. Emilio Frazzoli, will add more than 100 employees to Delphi’s autonomous driving team and increase its access to new mobility customers and markets.
“We are delighted to welcome Karl, Emilio, and their talented team to Delphi,” said Kevin Clark, Delphi’s President and Chief Executive Officer.
“The combination of the nuTonomy and Ottomatika AD teams, along with Delphi’s industry-leading portfolio of perception systems and smart vehicle architecture solutions, further enhances our competitive position as the industry’s most formidable provider of autonomous mobility solutions.”
When the transaction completes, expected to be before year-end, Delphi will have autonomous driving operations in Boston, Pittsburgh, Singapore, Santa Monica and Silicon Valley. nuTonomy will continue to be based in Boston, where it is testing its fleet of self-driving cars, and the combined firm will have 60 autonomous cars on the road.