Transaction makes Visteon only automotive supplier with
vertically integrated multimedia playback and smartphone
connectivity technologies for infotainment and display audio
systems
VAN BUREN TOWNSHIP, Michigan,
July 11, 2016 /PRNewswire/ -- Visteon
Corporation (NYSE: VC) today announced the completion of its
acquisition of AllGo Embedded Systems Pvt. Ltd., an India-based leading supplier of embedded
multimedia and smartphone connectivity software solutions to the
global automotive industry. The two companies initially announced
plans for the transaction on Jan.
12.
Logo - http://photos.prnewswire.com/prnh/20001201/DEF008LOGO
The business acquired from AllGo supports Visteon's global
vehicle cockpit electronics business and enables Visteon to offer a
highly integrated solution to automakers 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 U.S., 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 currently serves a wide range of 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 its products and services to
Visteon's customers, consisting of the world's major vehicle
manufacturers.
"The acquisition creates a new global multimedia and smartphone
connectivity supplier benefiting from AllGo's entrepreneurial
approach and Visteon's global scale," said K. Srinivasan, director
and CEO, AllGo Systems. "AllGo's ready-to-use intellectual
property-protected portfolio, combined with Visteon's expertise in
infotainment and global automaker reach, positions us as the
leaders in multimedia and smartphone connectivity solutions."
About AllGo Systems
AllGo Systems, founded in 2005, is a leading product design
company focused on providing multimedia middleware solutions for
the automotive market. AllGo licenses multimedia and smartphone
connectivity software and multimedia codecs to automotive customers
worldwide. AllGo's production-proven media and connectivity
middleware, along with system integration capabilities, provide a
one-stop solution for high quality infotainment software. AllGo has
offices in India and the U.S. with
sales and support across the globe.
About Visteon
Visteon is a global company that designs, engineers and
manufactures innovative cockpit electronics products and connected
car solutions for most of the world's major vehicle manufacturers.
Visteon is a leading provider of instrument clusters, head-up
displays, information displays, infotainment, audio systems, and
telematics solutions; its brands include Lightscape®, OpenAir® and
SmartCore™. Headquartered in Van Buren
Township, Michigan, Visteon has nearly 11,000 employees at
more than 40 facilities in 18 countries. Visteon had sales of
$3.25 billion in 2015. Learn more at
www.visteon.com.
Follow Visteon:
www.twitter.com/visteon
www.youtube.com/visteon
http://blog.visteon.com
www.google.com/+visteon
www.linkedin.com/company/visteon
https://www.facebook.com/VisteonCorporation
https://www.instagram.com/visteon
http://www.slideshare.net/VisteonCorporation
https://vine.co/u/1264235937429684224