Dutch NXP B.V. entered into a definitive agreement to acquire TTTech Auto AG from Aptiv PLC (NYSE:APTV) and others for transaction valued at approximately $630 million on January 7, 2025. The deal was in an all-cash transaction. Aptiv owns approximately 20% stake in TTTech Auto and post completion Aptiv will no longer hold an equity interest in TTTech Auto. This is subject to pending regulatory approvals, TTTech Auto including its management team, intellectual property, assets, and approximately 1,100 engineering staff will join NXPs automotive team. As part of NXP, TTTech Auto will continue to serve existing customers and expand its global footprint under the NXP brand. The sale is anticipated to occur in 2025. Allison Schneirov, Jan Bauer, Brett Fleisher, Johannes Frey, Ken Kumayama, Maria Raptis, Ruediger Schmidt-Bendun, Steven C. Sunshine, Ingrid Vandenborre and Gavin A. White of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Dutch NXP B.V. Maria Dreher-Lorjé, Katharina Kubik, Gernot Fritz of Freshfields Bruckhaus Deringer LLP, Volkmar Bruckner and Mark Aschenbrenner of Clifford Chance Partnerschaftsgesellschaft and Thomas Schirmer of BINDER GRÖSSWANG Rechtsanwälte GmbH acted as legal advisor of Aptiv PLC.

Dutch NXP B.V. completed the acquisition of TTTech Auto AG from Aptiv PLC (NYSE:APTV) and others on June 17, 2025.