Announced
Financials
Sources
Tags
Private
self-driving vehicle
Domestic
United States
Friendly
Auto Technology
Majority
Acquisition
Single Bidder
Pending
Private Equity
Synopsis
Aurora, a self-driving car company, agreed to acquire Advanced Technologies Group, a self-driving unit of Uber Technologies. Financial terms were not disclosed. “By adding the people and technology of Uber’s Advanced Technologies Group to the incredible group we’ve already assembled at Aurora, we’re shifting the landscape of the automated vehicle space. With the addition of ATG, Aurora will have an incredibly strong team and technology, a clear path to several markets, and the resources to deliver. Simply put, Aurora will be the company best positioned to deliver the self-driving products necessary to make transportation and logistics safer, more accessible, and less expensive,” Chris Urmson, Aurora Co-Founder and CEO.
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