Telit Wireless Solutions has completed a major acquisition. As per the latest update, Telit has concluded the acquisition of the Automotive Telematics On-board unit Platform (ATOP) business from Netherlands-based NXP Semiconductors. ATOP is an automotive-grade solution for vehicle manufacturers to implement eCallor 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 new organization will be headed up by the industry veteran and long-time Telit executive, Dominikus Hierl as its CEO.
“The acquisition of ATOP is the catalyst for building a dedicated Automotive business unit to better address Automotive opportunities and execute our strategy to become the market leader in this segment,” said Telit CEO Oozi Cats.
With the acquisition concluded, the company will integrate the ATOP business, including sales, engineering and support staff into Telit Automotive Solutions, expanding its market reach with solutions leveraging the expanded engineering and sales expertise, particularly in software-centric RFIs from Automotive and Telematics OEMs. The company achieved automotive-critical global ISO/TS16949 certification in July 2012 and maintains one of the industry’s largest product portfolios for the automotive sector with particular emphasis on advanced technologies such as LTE and HSPA+.
Telit has appointed Lars Reger, Head of Chip Development and General Manager for New Business in NXP’s automotive business division, as a non-executive director of Telit on closing.
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