Lear Corp. said today it acquired automotive connectivity supplier Arada Systems Inc. Terms of the deal were not disclosed.
Arada develops hardware and software for vehicle-to-vehicle and vehicle-to-infrastructure communication technology that performs such tasks as collision avoidance, platooning, train crossing notification and traffic signal notifications.
The company employs 45 people. There are no planned changes to the organization, said Lear spokesman Mel Stephens. Top management at Arada will report to Steve Rober, vice president of engineering for Lear's electronics division.
The deal marks the second technology firm Lear has acquired this year.
In August, Lear bought the intellectual property and technology of Santa Rosa, Calif.-based Autonet Mobile Inc., an Internet-based telematics and app service provider for the automotive market.
“The acquisition of Arada Systems, in addition to our recent acquisition of technology from Autonet Mobile, adds software and hardware capabilities to our portfolio to securely facilitate wireless communications between the vehicle and external networks, as well as other vehicles," Lear CEO Matt Simoncini said in a statement.
“We see excellent growth opportunities for our electrical business as the connectivity mega-trend drives increased requirements for data and signal management to meet rapidly growing demand for more connectivity and communication features in vehicles."
Lear ranks No. 10 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers of $17.7 billion in 2014.