Chinese tech giant Thundersoft has acquired Finnish automotive software interface Rightware for $68M.
The deal is expected to be closed in early 2017 and Rightware will remain “an independent company” headquartered in Finland. Rightware’s 2016 turnover is expected to reach around 7 million euros, with profitability being reached by the end of the year.
Founded in 2009, Rightware’s bestselling product Kanzi enables the creation of digital instrument clusters and infotainment systems that enhance automotive brands and the overall driving experience.
“Kanzi is expected to power over 25 million cars by 2022. With Thundersoft, we can expand this footprint further and support our customers even better,” Rightware CEO Jonas Geust said in a statement.
“The arrangement further strengthens our presence in the growing Asian automotive market and complements our strong footprint in the European and American automotive markets. Thundersoft is already an established software player in the automotive industry and the perfect fit for Rightware,” Geust said.
