NXP Accelerates the Transformation to Software-Defined Vehicles (SDV) with Agreement to Acquire TTTech Auto
NXP Semiconductors (NASDAQ: NXPI) has announced a definitive agreement to acquire TTTech Auto in an all-cash transaction valued at $625 million. TTTech Auto, based in Vienna, Austria, specializes in safety-critical systems and middleware for software-defined vehicles (SDVs). The acquisition will integrate TTTech Auto's team of approximately 1,100 engineering staff into NXP's automotive division.
The deal aims to strengthen NXP's CoreRide platform by incorporating TTTech Auto's MotionWise middleware platform, which offers automated software deployment and safety-critical function management for SDVs. This strategic move addresses the automotive industry's transformation toward SDVs, projected to reach 45% penetration of global auto production by 2027, with a 48% CAGR between 2024-2027.
The combined solution will enable automakers to reduce complexity, maximize system performance, and accelerate time to market while maintaining safety and security standards. TTTech Auto will continue serving existing customers under the NXP brand, pending regulatory approvals.
NXP Semiconductors (NASDAQ: NXPI) ha annunciato un accordo definitivo per acquisire TTTech Auto in una transazione completamente in contante del valore di 625 milioni di dollari. TTTech Auto, con sede a Vienna, Austria, è specializzata in sistemi critici per la sicurezza e middleware per veicoli definibili via software (SDV). L'acquisizione integrerà il team di TTTech Auto composto da circa 1.100 ingegneri nella divisione automobilistica di NXP.
L'accordo mira a rafforzare la piattaforma CoreRide di NXP integrando il middleware MotionWise di TTTech Auto, che offre distribuzione automatizzata del software e gestione di funzioni critiche per la sicurezza per gli SDV. Questa mossa strategica affronta la trasformazione dell'industria automobilistica verso gli SDV, la cui penetrazione di produzione globale è prevista raggiungere il 45% entro il 2027, con un CAGR del 48% tra il 2024 e il 2027.
La soluzione combinata permetterà ai produttori di automobili di ridurre la complessità, massimizzare le performance del sistema e accelerare il tempo di immissione sul mercato, mantenendo i requisiti di sicurezza e protezione. TTTech Auto continuerà a servire i suoi clienti esistenti sotto il marchio NXP, in attesa delle approvazioni regolatorie.
NXP Semiconductors (NASDAQ: NXPI) ha anunciado un acuerdo definitivo para adquirir TTTech Auto en una transacción totalmente en efectivo valorada en 625 millones de dólares. TTTech Auto, con sede en Viena, Austria, se especializa en sistemas críticos de seguridad y middleware para vehículos definidos por software (SDV). La adquisición integrará el equipo de aproximadamente 1,100 ingenieros de TTTech Auto en la división automotriz de NXP.
El acuerdo tiene como objetivo fortalecer la plataforma CoreRide de NXP al incorporar la plataforma de middleware MotionWise de TTTech Auto, que ofrece despliegue automatizado de software y gestión de funciones críticas de seguridad para SDV. Este movimiento estratégico aborda la transformación de la industria automotriz hacia los SDV, que se proyecta alcanzarán una penetración del 45% en la producción automotriz global para 2027, con un CAGR del 48% entre 2024 y 2027.
La solución combinada permitirá a los fabricantes de automóviles reducir la complejidad, maximizar el rendimiento del sistema y acelerar el tiempo de lanzamiento al mercado, manteniendo los estándares de seguridad y protección. TTTech Auto continuará atendiendo a sus clientes existentes bajo la marca NXP, a la espera de las aprobaciones reglamentarias.
NXP Semiconductors (NASDAQ: NXPI)는 TTTech Auto를 6억 2500만 달러 규모의 현금 거래로 인수하기 위한 최종 계약을 발표했습니다. 오스트리아 비엔나에 본사를 둔 TTTech Auto는 안전-critical 시스템 및 소프트웨어 정의 차량(SDV)을 위한 미들웨어를 전문으로 하고 있습니다. 이번 인수로 TTTech Auto의 약 1,100명의 엔지니어 팀이 NXP의 자동차 부문에 통합됩니다.
이번 거래는 TTTech Auto의 MotionWise 미들웨어 플랫폼을 통합하여 NXP의 CoreRide 플랫폼을 강화하는 것을 목표로 합니다. 이 플랫폼은 SDV의 자동화된 소프트웨어 배포 및 안전-critical 기능 관리를 제공합니다. 이 전략적 움직임은 SDV로의 자동차 산업 변화를 다루며, 2027년까지 세계 자동차 생산에서 45%의 침투율에 도달할 것으로 예상되며, 2024-2027년 사이의 연평균 성장률(CAGR)은 48%입니다.
결합된 솔루션은 자동차 제조업체가 복잡성을 줄이고 시스템 성능을 극대화하며 시장 출시 시간을 단축하면서도 안전 및 보안 기준을 유지할 수 있게 합니다. TTTech Auto는 규제 승인을 기다리는 동안 NXP 브랜드 하에 기존 고객에게 계속 서비스를 제공할 것입니다.
NXP Semiconductors (NASDAQ: NXPI) a annoncé un accord définitif pour acquérir TTTech Auto dans une transaction entièrement en espèces d'une valeur de 625 millions de dollars. TTTech Auto, basé à Vienne, en Autriche, se spécialise dans les systèmes critiques pour la sécurité et les middleware pour véhicules définis par logiciel (SDV). L'acquisition intégrera l'équipe de TTTech Auto, qui compte environ 1 100 ingénieurs, dans la division automobile de NXP.
Cette opération vise à renforcer la plateforme CoreRide de NXP en intégrant la plateforme middleware MotionWise de TTTech Auto, qui propose un déploiement automatisé des logiciels et une gestion des fonctions critiques pour la sécurité des SDV. Ce mouvement stratégique répond à la transformation de l'industrie automobile vers les SDV, censée atteindre 45 % de part dans la production automobile mondiale d'ici 2027, avec un TCAC de 48 % entre 2024 et 2027.
La solution combinée permettra aux constructeurs automobiles de réduire la complexité, de maximiser la performance du système et d'accélérer le temps de mise sur le marché tout en respectant les normes de sécurité et de protection. TTTech Auto continuera de servir ses clients existants sous la marque NXP, en attendant les approbations réglementaires.
NXP Semiconductors (NASDAQ: NXPI) hat eine endgültige Vereinbarung zur Übernahme von TTTech Auto in einer vollumfänglichen Bartransaktion im Wert von 625 Millionen USD bekannt gegeben. TTTech Auto, mit Sitz in Wien, Österreich, ist auf sicherheitskritische Systeme und Middleware für softwaredefinierte Fahrzeuge (SDVs) spezialisiert. Die Übernahme wird das Team von TTTech Auto mit etwa 1.100 Ingenieuren in die Automobilsparte von NXP integrieren.
Das Geschäft zielt darauf ab, die CoreRide-Plattform von NXP zu stärken, indem die MotionWise-Middleware-Plattform von TTTech Auto integriert wird, die automatisierte Softwarebereitstellung und das Management von sicherheitskritischen Funktionen für SDVs bietet. Dieser strategische Schritt beantwortet die Transformation der Automobilindustrie hin zu SDVs, die voraussichtlich bis 2027 einen Anteil von 45 % an der globalen Automobilproduktion erreichen werden, mit einer jährlichen Wachstumsrate (CAGR) von 48 % zwischen 2024 und 2027.
Die kombinierte Lösung wird es Automobilherstellern ermöglichen, die Komplexität zu reduzieren, die Systemleistung zu maximieren und die Markteinführungszeit zu beschleunigen, während Sicherheits- und Schutzstandards eingehalten werden. TTTech Auto wird weiterhin bestehende Kunden unter der Marke NXP bedienen, wobei die regulatorischen Genehmigungen noch ausstehen.
- Strategic acquisition valued at $625 million strengthens NXP's position in the fast-growing SDV market
- Addition of 1,100 engineering staff enhances technical capabilities
- Integration with CoreRide platform expands NXP's software solutions portfolio
- Targets high-growth SDV market with 48% CAGR (2024-2027)
- Expands relationships with automotive OEMs through TTTech Auto's existing partnerships
- Significant cash outlay of $625 million impacts financial resources
- Pending regulatory approvals create uncertainty about deal completion
- Integration risks with large workforce addition of 1,100 staff
Insights
The
The integration of TTTech Auto's MotionWise platform with NXP's CoreRide creates significant synergistic value, particularly in safety-critical systems and software integration. This vertical integration strategy should enhance NXP's competitive position against other semiconductor players in the automotive space while creating higher-margin opportunities through software solutions.
The strategic importance of this acquisition lies in the timing and market positioning. With SDVs projected to reach
The combination of NXP's semiconductor expertise with TTTech Auto's software capabilities creates a more complete solution stack for automakers, potentially accelerating SDV development cycles and reducing integration complexity. This could lead to increased market share and higher revenue per vehicle for NXP.
The acquisition significantly enhances NXP's software capabilities in the automotive sector. TTTech Auto's MotionWise middleware platform brings important safety-by-design architecture and automated software deployment capabilities, addressing major challenges in SDV development. The integration with CoreRide platform creates a comprehensive solution that could reduce development time and costs for automakers while maintaining safety standards.
The ability to efficiently scale software across car models and seamlessly manage safety-critical functions positions NXP as a one-stop solution provider in the SDV space. This vertical integration strategy could lead to deeper OEM relationships and higher-margin software revenue streams.
- NXP strengthens its automotive business with a leading software solution provider specialized in the systems, safety and security required for SDVs
- TTTech Auto complements and accelerates the NXP CoreRide platform, enabling automakers to reduce complexity, maximize system performance and shorten time to market
- The acquisition is the next milestone in NXP’s strategy to be the leader in intelligent edge systems in automotive and Industrial IoT
EINDHOVEN, The Netherlands, Jan. 07, 2025 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI), the worldwide leader in automotive processing and networking, announced today that it has entered into a definitive agreement to acquire TTTech Auto in an all-cash transaction valued at
TTTech Auto, based in Vienna, Austria, is a leader in innovating unique safety-critical systems and middleware for software-defined vehicles (SDVs). TTTech Auto has established business relationships with many leading automotive OEMs, empowering them to focus on the driving experience while its solutions optimize performance, safety, integration, and software updates.
Pending regulatory approvals, TTTech Auto including its management team, intellectual property, assets, and approximately 1,100 engineering staff will join NXPs automotive team. As part of NXP, TTTech Auto will continue to serve existing customers and expand its global footprint under the NXP brand.
The transformation to software-defined vehicles
The automotive industry is undergoing a profound transformation, shifting from conventional hardware-based designs to platform-based SDVs with increasingly sophisticated, interconnected hardware and software systems. This transformation enables feature upgradeability, data-driven services, and native cloud development. The SDV market will expand to
To compete successfully, global automakers need new SDV platforms and architectures capable of safely and securely handling the increasing complexity of software integration, bringing scalability and fast time to market.
NXP introduced its NXP CoreRide platform in March, 2024 to strategically address this significant market opportunity and help the automakers swiftly transition to SDVs. The NXP CoreRide platform features NXP’s S32 vehicle compute, networking, and system power management. NXP CoreRide is the industry’s first open SDV platform purpose-built to break through hardware and software integration barriers and simplify complexity, scalability, and cost. TTTech Auto augments NXP’s hardware proficiency with added software expertise, delivering a uniquely capable platform from which automakers can build SDVs.
NXP CoreRide platform and TTTech MotionWise – A Powerful Combination
TTTech Auto joined the community of NXP CoreRide software partners when NXP launched its innovative SDV platform in March, 2024. NXP’s inclusion of TTTech Auto’s safety and integration capabilities will enable even stronger hardware/software integration benefits for the global ecosystem of NXP CoreRide partners, further streamlining SDV development efforts for automakers.
TTTech Auto’s MotionWise middleware platform has a proven industry track record and features automated software deployment in automotive high-performance compute platforms. Its middleware is designed to dependably manage the interconnected systems in SDVs, prioritizing safety-critical functions while ensuring seamless integration and adaptability. MotionWise also lets automakers efficiently scale software across car models, streamline safety integration, and easily move or add safety-critical features; all while maintaining a robust safety backbone through a safety-by-design approach.
“This acquisition combines NXP’s automotive portfolio with a leading global player in safety software solutions,” said Jens Hinrichsen, executive vice president and general manager of analog & automotive embedded systems at NXP. “The inclusion of TTTech Auto’s software into the NXP CoreRide solution further strengthens NXP’s automotive value proposition and accelerates the automotive industry’s transformation to software-defined vehicles. NXP CoreRide enables automakers to deploy their best-in-class, differentiated vehicle platforms more efficiently, faster, and safely. Our acquisition of TTTech Auto is the next big step in NXP’s journey to become the leading provider of intelligent edge systems in automotive and Industrial IoT.”
“The emergence of intricately connected and adaptive frameworks in SDVs highlights the need for middleware to tackle challenges in integration, safety and scalability,” said Dirk Linzmeier, chief executive officer of TTTech Auto. “NXP and TTTech Auto both clearly recognize this need and share the same vision for SDV transformation. Together, MotionWise and NXP CoreRide empowers automakers with a robust SDV foundation, ensuring seamless coordination of diverse systems that help automakers deliver innovative features while maintaining reliability and safety at scale.” Stefan Poledna, chief technology officer and co-founder of TTTech Auto, added, “I could not be more excited for our team to join NXP. Together, we are perfectly situated to engage with OEM and Tier one players throughout their system design process.”
For more information on NXP’s automotive solutions, visit nxp.com/automotive.
Forward Looking Statements
This document includes forward-looking statements which include statements regarding NXP’s acquisition of TTTech Auto, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors and other cautionary statements included in NXP’s SEC filings. Copies of NXP’s SEC filings are available on NXP’s Investor Relation website, https://investors.nxp.com or from the SEC website, www.sec.gov.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP's “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of
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