Visteon says it has inked a deal to acquire AllGo Systems, a developer of embedded multimedia system solutions to global vehicle manufacturers.
The agreement, which is subject to customary closing conditions and regulatory approvals, is expected to finish during the first quarter of 2016. Terms were not disclosed.
Headquartered in Bangalore, India, AllGo is an infotainment media playback supplier, bringing Linux and Android engineering know-how for automotive applications, including an intellectual property (IP)-protected portfolio of in-vehicle-infotainment, media and connectivity solutions for the connected display audio market.
“AllGo’s position in multimedia and smartphone connectivity software adds scale and depth to Visteon’s infotainment software capabilities,” said Visteon president and CEO, Sachin Lawande.
“AllGo’s ready-to-use IP provides automotive manufacturers with a turnkey software-on-chip (SoC) solution to introduce smartphone and mobile applications from the vehicle’s audio head unit.”
Employing around 140 people across India, the US, Asia and Europe, AllGo’s infotainment solutions are on a range of global vehicle platforms.
“We are looking forward to joining Visteon at this time in the company’s growth in the connected technology space,” said director and CEO, AllGo Systems director and CEO, K Srinivasan.
“With our middleware and Visteon’s expertise in automotive infotainment solutions, the two companies have a fit that will enable us to expand our global market share in the connected display radio market.”