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Technology M&A image Technology M&A » By The Online Investor Staff, updated Thu., Aug. 6, 7:09 AM Recent mergers and acquisitions in the Technology M&A category.

Slide #88. Telit Wireless Solutions NXP's Automotive Telematics On-board unit Platform Business

Acquirer: Telit Wireless Solutions
Acquiree: NXP's Automotive Telematics On-board unit Platform Business (NASDAQ:NXPI)
Details: Telit Wireless Solutions, a leading global vendor of high-quality machine-to-machine (M2M) modules, value-added services and solutions, today announced it has concluded the acquisition of the Automotive Telematics On-board unit Platform (ATOP) business from Netherlands-based NXP Semiconductors (NASDAQ:NXPI). ATOP is an automotive grade solution for vehicle manufacturers to implement eCall or similar functionality from a single compact and cost efficient package, delivering reduction in complexity and minimized costs in vehicle designs, customer data as well as regulatory compliance. The company at the same time launched Telit Automotive Solutions, a new business unit which is to focus exclusively on the Automotive OEM and Tier-one markets. The new organization will be headed up by industry veteran and long-time Telit executive, Dominikus Hierl as its CEO.



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Company Name: 
NXP Semiconductors NV
Website: 
www.nxp.com
Sector: 
Semiconductors
Number of ETFs Holding NXPI: 
39
Total Market Value Held by ETFs: 
$845.62M
Total Market Capitalization: 
$32.82B
% of Market Cap. Held by ETFs: 
2.58%
 

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Buy (3.39 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)
Based on Zacks ABR data;
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