NXP Semiconductors – a leader in automotive processing and networking – announced that it has entered into a definitive agreement to buy TTTech Auto in an all-cash transaction valued at $625 million. TTTech Auto (based in Vienna, Austria) is a leader in safety-critical systems and middleware for software-defined vehicles (SDVs).
TTTech Auto has established business relationships with many leading automotive OEMs, empowering them to focus on the driving experience while its solutions optimize performance, safety, integration, and software updates.
TTTech Auto’s management team, intellectual property, assets, and about 1,100 engineering staff will join the NXPs automotive team. And as part of NXP, TTTech Auto will continue serving existing customers and expand its global footprint under the NXP brand.
The automotive industry is shifting from conventional hardware-based designs to platform-based SDVs with increasingly interconnected hardware and software systems. And this transformation enables feature upgradeability, data-driven services, and native cloud development. To stay competitive, global automakers need new SDV platforms and architectures capable of safely and securely handling the increasing complexity of software integration, bringing scalability and fast time to market.
NXP launched its NXP CoreRide platform in March 2024 to strategically address this significant market opportunity and help automakers swiftly transition to SDVs. And the NXP CoreRide platform features NXP’s S32 vehicle compute, networking, and system power management. NXP CoreRide is the industry’s first open SDV platform purpose-built to break through hardware and software integration barriers and simplify complexity, scalability, and cost. TTTech Auto augments NXP’s hardware proficiency with added software expertise, delivering a uniquely capable platform from which automakers can build SDVs.
TTTech Auto had joined the community of NXP CoreRide software partners when NXP launched its innovative SDV platform in March 2024. NXP’s inclusion of TTTech Auto’s safety and integration capabilities will enable even stronger hardware/software integration benefits for the global ecosystem of NXP CoreRide partners, further streamlining SDV development efforts for automakers.
TTTech Auto’s MotionWise middleware platform has a proven industry track record and features automated software deployment in automotive high-performance computing platforms. Its middleware is designed to dependably manage the interconnected systems in SDVs, prioritizing safety-critical functions while ensuring seamless integration and adaptability. MotionWise also lets automakers efficiently scale software across car models, streamline safety integration, and quickly move or add safety-critical features, all while maintaining a robust safety backbone through a safety-by-design approach.
KEY QUOTES:
“This acquisition combines NXP’s automotive portfolio with a leading global player in safety software solutions. The inclusion of TTTech Auto’s software into the NXP CoreRide solution further strengthens NXP’s automotive value proposition and accelerates the automotive industry’s transformation to software-defined vehicles. NXP CoreRide enables automakers to deploy their best-in-class, differentiated vehicle platforms more efficiently, faster, and safely. Our acquisition of TTTech Auto is the next big step in NXP’s journey to become the leading provider of intelligent edge systems in automotive and Industrial IoT.”
– Jens Hinrichsen, executive vice president and general manager of analog & automotive embedded systems at NXP Semiconductors
“The emergence of intricately connected and adaptive frameworks in SDVs highlights the need for middleware to tackle challenges in integration, safety and scalability. NXP and TTTech Auto both clearly recognize this need and share the same vision for SDV transformation. Together, MotionWise and NXP CoreRide empowers automakers with a robust SDV foundation, ensuring seamless coordination of diverse systems that help automakers deliver innovative features while maintaining reliability and safety at scale.”
– Dirk Linzmeier, chief executive officer of TTTech Auto
“I could not be more excited for our team to join NXP. Together, we are perfectly situated to engage with OEM and Tier one players throughout their system design process.”
– Stefan Poledna, chief technology officer and co-founder of TTTech Auto
