NXP to Acquire Aviva Links for $242.5 Million
Deal News | Dec 17, 2024 | Globenewswire
NXP Semiconductors N.V., a global leader in automotive processing and networking, has announced its definitive agreement to acquire Aviva Links, a provider of Automotive SerDes Alliance (ASA) compliant in-vehicle connectivity solutions, for $242.5 million in an all-cash transaction. The acquisition aims to broaden NXP's portfolio in automotive networking and connectivity, focusing on software-defined vehicles (SDVs) driven by advanced driver-assistance systems (ADAS) and in-vehicle infotainment (IVI). Aviva Links specializes in ASA-based multi-gigabit digital links, ensuring higher compatibility with standardized solutions. The acquisition is set to conclude in the first half of 2025, contingent upon regulatory approvals. NXP, as one of the ASA's founding members, expects this strategic acquisition to leverage growth opportunities within a market projected to double in the next decade. The combined expertise from Aviva Links' team will fortify NXP's offering of comprehensive networking solutions directly to OEMs, further enabling the software-defined vehicle transformation.
Sectors
- Automotive
- Semiconductors
- Technology
Geography
- Netherlands – NXP Semiconductors is headquartered in the Netherlands, which is relevant as it is the acquiring company in this deal.
- United States – The acquisition involves regulatory considerations in the US, where market-facing statements and financial details are disclosed by NXP.
Industry
- Automotive – The article involves companies operating within the automotive industry, specifically focusing on networking, connectivity, and software-defined vehicles.
- Semiconductors – The focus is on semiconductor technologies used in automotive networking, with NXP Semiconductors acquiring Aviva Links to expand its in-vehicle networking solutions.
- Technology – Technological innovation in automotive connectivity and networking solutions is a key theme, with advancements such as ASA-based links and Ethernet connectivity.
Financials
- $242.5 million – The total transaction value for the all-cash acquisition of Aviva Links by NXP Semiconductors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NXP Semiconductors N.V. | Acquirer | Company | NXP is a leading global semiconductor manufacturer specializing in innovations in automotive, industrial & IoT, mobile, and communications infrastructure markets. |
| Aviva Links | Target Company | Company | Aviva Links provides ASA-compliant in-vehicle connectivity solutions, pioneering in the automotive SerDes sector. |
| Automotive SerDes Alliance | Standard Body | Other | Founded in 2019 with NXP as a core member, ASA supports the development and implementation of open standard networking solutions for automotive sectors. |
| Meindert van den Beld | Spokesperson | People | Senior Vice President and General Manager of In-vehicle Networking at NXP. |