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

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.

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

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