Lear Buys Connected Vehicle Tech Developer

SOUTHFIELD — The Southfield automotive seating and electronics maker Lear Corp. (NYSE: LEA) said Monday it had acquired Troy-based Arada Systems, a developer of vehicle-to-vehicle and vehicle-to-infrastructure communications technology.

Terms of the transaction were not disclosed. Arada has 45 employees.

Said Lear president and CEO Matt Simoncini: “The acquisition of Arada Systems, in addition to our recent acquisition of technology from Autonet Mobile, adds software and hardware capabilities to our portfolio to securely facilitate wireless communications between the vehicle and external networks, as well as other vehicles. We see excellent growth opportunities for our Electrical business as the connectivity mega-trend drives increased requirements for data and signal management to meet rapidly growing demand for more connectivity and communication features in vehicles.”

Arada Systems has developed V2X software and hardware using 5.9 GHz dedicated short range communications and other wireless communications protocols, including GPS. Arada has developed software to ensure secure V2X communications and defend against cyber-security attacks. Arada’s V2X products include its LocoMate series of roadside units for infrastructure and on-board units for vehicles.

More at http://www.lear.com or http://www.aradasystems.com.

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