- Aptiv ( NYSE: APTV ) said Friday it closed the acquisition of intelligent edge software provider Wind River for $3.5B, instead of the $4.3B purchase price agreed to earlier.
- The deal amount was amended as a result of changes in Wind River's operating structure required to complete the regulatory approval process.
- These changes will not impact Wind River's strategic direction, but will require certain one-time costs and recurring operating expenses.
- The acquisition is expected to be accretive to 2023 adj. EPS.
- Integrating the Wind River Studio cloud-native software platform into Aptiv's ( APTV ) Smart Vehicle Architecture will enable customers to unlock the full potential of the software-defined vehicle throughout its complete lifecycle.
- Initial release of the integrated end-to-end solution will be showcased next month at CES 2023.
- SA contributor Bears of Wall Street is bearish on Aptiv ( APTV ) as the stock is currently overvalued .
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Aptiv closes Wind River acquisition for $3.5B