Aptive acquires Wind River

January 11, 2022 // By Nick Flaherty
Wind River in $4.3bn Aptiv deal
Operating system company Wind River continues its search for growth in a $4.3bn dal with automotive Tier One supplier Aptiv

Tier One automotive supplier Aptiv is to buy Wind River from private equity firm TPG Capital for $4.3bn in cash.

Wind River has over 1700 customers and the technology, including the VxWorks real time operating system, is used in 2bn edge devices. It was bought by Intel in 2009 for $884m and sold to TPG in 2018 for an undisclosed sum and details of its business have been limited. The company had revenues of $400m in 2019, barely up from the $359m it last reported as an independent company in 2009.

Since then it has been trying to reinvent itself as a edge telecoms platform, including a deal with Vodafone to build an Open RAN network. It developed Helix and then Studio as a cloud-native intelligent systems software platform that enables full product lifecycle management.

The company still had 45 percent of its business in aerospace and defence, 30 percent in industrial and medical applications, with 15 percent in telecoms and 10 percent of the business in automotive. 

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Dublin-based Aptiv was formed from the powertrain division and aftermarket businesses of Delphi Technologies in December 2017 having bought driverless vehicle technology developer NuTonoMy. It has revenue of $13bn in 2020 with revenue of $1.8bn.

The deal takes advantage of the cybersecurity and edge processing capabilities for future driverless cars, particularly for the development of secure digital twin using data from the vehicles. In 2008, it was working with BMW, Intel and Magneti Marelli on a version of Linux that was part of the Genivi Alliance.

“The automotive industry is undergoing its largest transformation in over a century, as connected, software-defined vehicles increasingly become critical elements of the broader intelligent ecosystem,” said Kevin Clark, president and chief executive officer of Aptiv. 

“Aerospace and telecoms have gone through the challenges facing automotive in developing

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