VAN BUREN TWP. — Visteon Corp. (NYSE: VC) announced the completion of its acquisition of AllGo Embedded Systems Pvt. Ltd., an India-based leading supplier of embedded multimedia and smartphone connectivity software.
The two companies announced plans for the transaction on Jan. 12.
The business acquired from AllGo supports Visteon’s global vehicle cockpit electronics business and enables Visteon to offer automakers an integrated system 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 United States, 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, founded in 2005, currently serves 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 products and services to Visteon’s customers, consisting of the world’s major vehicle manufacturers.
Visteon designs, engineers and manufactures automotive cockpit electronics products and connected car systems for most of the world’s major vehicle manufacturers. Included are instrument clusters, head-up displays, information displays, infotainment, audio systems, and telematics systems. Its brands include Lightscape, OpenAir and SmartCore. Visteon has nearly 11,000 employees at more than 40 locations in 18 countries. Visteon had sales of $3.25 billion in 2015. More at http://www.visteon.com.