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

Mark White by Mark White
January 11, 2022
in Suppliers
0


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.

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Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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