Announced
Completed
Financials
Tags
Private
Completed
software company
Friendly
Majority
United States
Acquisition
Domestic
Private Equity
Single Bidder
Software
Synopsis
Qualcomm, an American multinational semiconductor and telecommunications equipment company, completed its acquisition of Arriver, a software company, from SSW Partners, an investment firm. Financial terms were not disclosed. "As we become a key technology partner to the automotive industry, Arriver's Driver Assistance assets will accelerate our efforts to deliver a leading, ADAS solution as part of our Snapdragon Digital Chassis platform. We remain committed to offering advanced solutions for all vehicle tiers and levels and with Arriver's Driver Assistance assets now part of the Snapdragon Ride™ Platform, we are better positioned to power the future of autonomous driving. We are thrilled to welcome the talented team from Arriver," Nakul Duggal, Qualcomm Senior Vice President and GM, Automotive.
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