Lear to acquire EXO Technologies for connected car tech
Lear Corporation, a global supplier of automotive seating and electrical systems, has entered into a definitive agreement to acquire Israel-based EXO Technologies, a developer of GPS technology providing high-accuracy solutions for autonomous and connected vehicle applications. EXO Technologies has operations in San Mateo, California, and Tel Aviv, Israel. Financial terms of the transaction were not disclosed. EXO Technologies has developed core technology that addresses the need for high-accuracy positioning in a vehicle. Its proprietary technology works with existing GPS receivers to provide centimeter-level accuracy anywhere on the globe without the need…
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