M&A Deal Summary

Stellantis Acquires AIMotive

On November 17, 2022, Stellantis acquired information technology company AIMotive

Acquisition Highlights
  • This is Stellantis’ 1st transaction in the Information Technology sector.
  • This is Stellantis’ 1st transaction in Hungary.

M&A Deal Summary
Date 2022-11-17
Target AIMotive
Sector Information Technology
Buyer(s) Stellantis
Deal Type Add-on Acquisition

Target

AIMotive

Budapest, Hungary
website
AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

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Buyer(S) 1

Buyer

Stellantis

Hoofddorp, Netherlands

website

Category Company
Founded 1899
Sector Automotive
Employees281,000
Revenue 179.6B EUR (2022)
DESCRIPTION

Stellantis is a global automobile manufacturing company. Stellantis' storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is based in Hoofddorp, Netherlands.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Hungary) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Fiat Chrysler Automobiles NV - Cast Iron Components Business

London, United Kingdom

Fiat Chrysler Automobiles NV - Cast Iron Components Business is an Italian industrial group and world leader in the ironworks industry. The business operates in two product lines: Teksid Iron produces iron casting parts for engines, suspensions and other components for the automotive and industrial vehicles sector. Teksid Aluminum produces aluminum engine parts such as cylinder heads and cylinder blocks.

Sell €210M
Mergr

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