NXP said on Tuesday, January 7, 2025 that it entered into a definitive agreement to acquire TTTech Auto. The deal is an all-cash transaction valued at $625 million.

1. 01

   NXP said on Tuesday, January 7, 2025 that it entered into a definitive agreement to acquire TTTech Auto. The deal is an all-cash transaction valued at $625 million.

2. 02

   TTTech Auto is based in Vienna, Austria, and is a leader in safety-critical systems and middleware for software-defined vehicles (SDVs), the company said. Pending regulatory approvals, its management, intellectual property and assets, along with approximately 1,100 engineering staff, will join NXP's automotive business.

3. 03

   NXP said that adding TTTech Auto's software to the NXP CoreRide platform, which it launched in March 2024, will create greater hardware and software integration benefits. TTTech Auto was a software partner from the time CoreRide launched, and the company described the MotionWise middleware as software that prioritizes safety-critical functions.

4. 04

   NXP said the automotive industry is shifting from hardware-based designs to platform-based SDVs. Citing market data, it said SDVs will reach 45% of global auto production in 2027, with a compound annual growth rate (CAGR) of 48% from 2024 to 2027.

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Original filing

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