Transaction makes Visteon only automotive supplier with vertically integrated multimedia playback and smartphone connectivity technologies for infotainment and display audio systems
11 Jul 2016 | 4058 Views | By Autocar Pro News Desk
Visteon Corporation has announced the completion of its acquisition of AllGo Embedded Systems, an India-based leading supplier of embedded multimedia and smartphone connectivity software solutions to the global automotive industry. The two companies initially announced plans for the transaction on January 12.
On the back of R&D in technology ...
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Visteon Corporation has announced the completion of its acquisition of AllGo Embedded Systems, an India-based leading supplier of embedded multimedia and smartphone connectivity software solutions to the global automotive industry. The two companies initially announced plans for the transaction on January 12.
On the back of R&D in technology innovation and a singular focus on cockpit electronics, Visteon Corporation aims to emerge as a mega supplier to OEMs in India as well as globally.
The business acquired from AllGo supports Visteon’s global vehicle cockpit electronics business and enables Visteon to offer a highly integrated solution to automakers that includes multimedia software and codecs, and smartphone connectivity features. The transaction includes AllGo’s technology assets and automotive business and approximately 140 employees – mostly software engineers based in India, supported by sales offices in the U.S., Europe and Asia.
“AllGo brings industry-leading multimedia playback and smartphone connectivity software expertise on Linux, QNX and Android-based operating systems, which will greatly strengthen Visteon’s capabilities in developing next-generation infotainment systems,” said Sachin Lawande, Visteon’s president and CEO. “Multimedia playback and smartphone connectivity features such as CarPlay, Android Auto, and MirrorLink are essential for all infotainment and display audio systems and this acquisition positions Visteon uniquely in the industry.”
AllGo currently serves a wide range of global automakers and Tier 1 suppliers with particularly strong relationships in Asia. Following its acquisition by Visteon, AllGo will continue to support and grow its existing customer base while also offering its products and services to Visteon’s customers, consisting of the world’s major vehicle manufacturers.
“The acquisition creates a new global multimedia and smartphone connectivity supplier benefiting from AllGo’s entrepreneurial approach and Visteon’s global scale,” said K Srinivasan, director and CEO, AllGo Systems. “AllGo’s ready-to-use intellectual property-protected portfolio, combined with Visteon’s expertise in infotainment and global automaker reach, positions us as the leaders in multimedia and smartphone connectivity solutions.”
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