Self-driving truck NuTonomy will continue to operate in Boss with the Delphi Boston team as well as Delphi's Singapore office, Pittsburgh, Santa Monica and Silicon Valley offices. Glen De Vos, chief technology officer of Delphi, said that the acquisition of NuTonomy will allow Delphi to enter the commercial truck market. De Vos said on a conference call with reporters on Tuesday: “We believe that this acquisition is critical for Delphi’s automated driving. It has greatly accelerated our pace of entering this market.†Delphi said that after completing the acquisition, Delphi will be Three continents conduct road tests on 60 self-driving cars. The baseline cost of this acquisition is 400 million U.S. dollars, and there may be 50 million U.S. dollars in profit-out payment plans (earn-outs).
The acquisition of NuTonomy is Delphi’s latest plan because Delphi is developing the autopilot business. In 2015, Delphi acquired Ottomatika, an active safety and autopilot software company, but did not disclose the specific amount of acquisition; acquired the remote information processing and analysis software provider Control-Tec LLC for US$100 million; and acquired over-the-air download software updates. Technology company Movimento Inc., the amount of the acquisition was not announced.
De Vos stated that the newly added four autonomous driving departments will continue to operate as independent divisions, but they will coordinate on the project. Delphi will also spin off the powertrain division to focus on the research and development of auto-connected automotive systems technology, the culmination of Delphi's focus on advanced technology over the years. Delphi stated that the spin-off was tax-free and will be completed in March 2018. Delphi's shareholders will continue to hold the shares of the two spin-off companies.
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