Auto parts supplier Aptiv to buy software firm Wind River for $4.3 bln (updated)

Core AI Holdings

11/01/2022 11:14

(Adds details from statement)
    Jan 11 (Reuters) - Auto parts supplier Aptiv PLC  APTV.N 
said on Tuesday it would buy software firm Wind River from
private equity firm TPG Capital for $4.3 billion in cash.
    Wind River makes software for companies in the aerospace and
defense, telecommunications, industrial and automotive sectors.
The company's 2021 revenue was about $400 million.  urn:newsml:reuters.com:*:nPn1RjF1ga
    Aptiv said it would finance the deal through a combination
of cash and debt.
    Wind River will operate as a stand-alone business within
Aptiv.

 (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by
Aditya Soni)
 ((Abhijith.G@thomsonreuters.com;))