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
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