Bangalore, India, Jan 12, 2016 - AllGo Embedded Systems Pvt. Ltd, a leading supplier of embedded
multimedia and connectivity solutions to global automotive OEMs and Tier1 customers, today
announced that it has signed a definitive agreement to sell its automotive business and become a 100%
owned subsidiary of Visteon Corporation, a global automotive cockpit electronics supplier. Terms of the
transaction were not disclosed. Closing is subject to satisfaction of certain customary conditions,
including Indian regulatory approval, and is expected in the first quarter of 2016. AllGoVision, the Video
Analytics business unit of AllGo Systems, is not included in the transaction and will be spun off to
operate as an independent company.
Headquartered in Bangalore, India, AllGo Systems is a leading infotainment media playback and connectivity solutions 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.
Employing approximately 140 people across India, the U.S., Asia and Europe, AllGo’s infotainment solutions have been proven on a range of global vehicle platforms. Post-acquisition, the intention is for AllGo to continue to support their current and future Automotive OEM and Tier1 suppliers worldwide.
“We are looking forward to joining Visteon at this exciting time in the company’s growth in the connected technology space,” said K. Srinivasan, director and CEO, AllGo Systems. “With our production- proven middleware and Visteon’s expertise in automotive infotainment solutions, the two companies have a strong strategic fit that will enable us to expand our global market share in the connected display radio market.”
AllGo’s strong position in multimedia and smartphone connectivity software adds greater scale and depth to Visteon’s infotainment software capabilities. The addition of AllGo’s assets and talented workforce will enable Visteon to accelerate the innovation and penetration of affordable automotive infotainment solutions to their customers.
“AllGo’s ready-to-use IP provides automotive manufacturers with a turnkey software-on-chip (SoC) solution to cost-effectively introduce smartphone and mobile applications from the vehicle’s audio head unit,” said Sachin Lawande, Visteon President and CEO. “We’re looking forward to working with the AllGo team and its customers.”