NXP Semiconductors to Acquire TTTech Auto for $625 Million
January 9, 2025
NXP Semiconductors has entered into a definitive agreement to acquire TTTech Auto in an all-cash transaction valued at $625 million. TTTech Auto, based in Vienna, provides safety-critical systems and middleware for software-defined vehicles, and its management team, IP, assets, and ~1,100 engineering staff will join NXP’s automotive organization.
- Buyers
- NXP Semiconductors
- Targets
- TTTech Auto
- Industry
- IT Services
- Location
- Austria
- Transaction Type
- Buyout
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