Global automotive cockpit electronics supplier Visteon Corporation (NYSE: VC) has signed an agreement to acquire AllGo Systems, a leading developer of embedded multimedia system solutions to global vehicle manufacturers, the company said.
The agreement, which is subject to customary closing conditions and regulatory approvals, is expected to close during the first quarter of 2016. Terms were not disclosed.
Headquartered in Bangalore, India, AllGo is a leading infotainment media playback supplier, bringing Linux and Android engineering expertise for automotive applications, including a comprehensive intellectual property (IP)-protected portfolio of in-vehicle-infotainment, media and connectivity solutions for the connected display audio market.
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. Headquartered in Van Buren Township, Michigan, Visteon has nearly 11,000 employees at 50 facilities in 19 countries.