DUBLIN (dpa-AFX) - Aptiv PLC (APTV) has entered an agreement to acquire Wind River, a provider of software for mission-critical intelligent systems, from TPG Capital for $4.3 billion in cash. Wind River's software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems. It generated approximately $400 million in revenues in 2021.
Led by Kevin Dallas, Wind River will continue to operate as a stand-alone business within Aptiv as part of the Advanced Safety & User Experience segment. The acquisition is anticipated to close mid-year 2022.
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