NXP Completes Acquisition of TTTech Auto to Pioneer Software-Defined Vehicles
Deal News | Jun 17, 2025 | Globenewswire
NXP Semiconductors N.V., a leader in technology solutions for automotive applications, has completed its acquisition of TTTech Auto, a company specializing in safety-critical systems and middleware for software-defined vehicles (SDVs). The acquisition is expected to bolster NXP's CoreRide platform and TTTech Auto’s MotionWise middleware to help automakers overcome integration challenges in SDVs. TTTech Auto will remain an independent entity supporting various manufacturers, ensuring safety and performance standards, while easing complexity and development efforts for next-generation vehicles. The announcement includes forward-looking statements indicating potential risks and uncertainties inherent in the acquisition. NXP Semiconductors, with revenue of $12.61 billion in 2024, operates across 30 countries in diverse markets, furthering its commitment to innovative automotive technologies.
Sectors
- Automotive Technology
- Semiconductors
- Software Development
Geography
- Netherlands – NXP Semiconductors N.V. is based in the Netherlands and is the acquiring company in this transaction.
Industry
- Automotive Technology – The article discusses the acquisition of TTTech Auto by NXP, focusing on software-defined vehicles and integrating innovative solutions into the automotive sector.
- Semiconductors – NXP Semiconductors, the acquiring entity, specializes in semiconductor solutions, which are essential in the development of software-defined vehicle technology.
- Software Development – TTTech Auto's expertise in safety-critical software systems and middleware contributes to advancements in this industry.
Financials
- $12.61 billion – NXP's revenue in 2024, providing context of the company's financial standing prior to the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NXP Semiconductors N.V. | Bidding Company | Company | A global leader in semiconductor solutions, operating in automotive, industrial, IoT, mobile, and communication infrastructure markets. |
| TTTech Auto | Target Company | Company | A company specializing in safety-critical systems and middleware for software-defined vehicles. |