acquisition Archives - Internet of Things News

Aptiv acquires edge software developer Wind River for $4.3bn

Fin Strathern — Wed, 12 Jan 2022 16:01:02 +0000

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... Read more »

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Toyota subsidiary to acquire Lyft’s autonomous vehicle division

Ryan Daws — Tue, 27 Apr 2021 09:41:24 +0000

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... Read more »

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Google’s acquisition of Fitbit finally crosses the finish line

Ryan Daws — Thu, 14 Jan 2021 17:28:07 +0000

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... Read more »

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Hyundai is acquiring lifelike robotics pioneer Boston Dynamics

Ryan Daws — Thu, 17 Dec 2020 13:42:29 +0000

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... Read more »

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

Ryan Daws — Mon, 07 Dec 2020 17:18:28 +0000

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... Read more »

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