Lear Acquires Intellectual Property from Autonet Mobile, a Leading Developer of Communication Software and Devices for Automotive Applications
Founded in 2005, Autonet Mobile's technology directly connects on-board vehicle systems with cloud-based applications using proprietary data exchange capabilities via cellular networks.
The acquired intellectual property and technology will complement Lear's industry-leading wireless capabilities and provide growth opportunities for Lear's Electrical business. Combined with Lear's expertise in embedded vehicle electrical distribution systems and related electronics capabilities, Autonet Mobile's technology will help connect gateway modules with an array of features including over-the-air software update capabilities.
"The acquisition of Autonet Mobile's technology is consistent with our strategy of adding software capabilities that will complement our electrical distribution business," said
Autonet Mobile will continue to operate and offer products to the automotive aftermarket through a technology license from Lear. Financial terms of the transaction were not disclosed.
About
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lear-acquires-intellectual-property-from-autonet-mobile-a-leading-developer-of-communication-software-and-devices-for-automotive-applications-300128694.html
SOURCE
News Provided by Acquire Media