Mexican Media Brands
Sirius XM to Buy Telematics Provider Agero
Sirius XM Radio Inc. has agreed to acquire the connected-vehicle services business of Medford, Mass.-based Agero Inc. for $530 million.
#Acura
Share
Sirius XM Radio Inc. has agreed to acquire the connected-vehicle services business of Medford, Mass.-based Agero Inc. for $530 million.
Sirius says deal will help the company, which provides radio programming via satellite to more than 50 million vehicles, to expand into a broad array of telematics services, such as real-time navigation and stolen car tracking.
Agero provides wireless safety, security and convenience services to more than 75 million owners of Acura, BMW, Honda, Hyundai, Infiniti, Lexus, Nissan and Toyota vehicles.
Sirius expects to complete the deal in the fourth quarter.
RELATED CONTENT
-
2021 Honda Accord Hybrid Touring
Where efficiency meets surprising luxury
-
2017 Honda Ridgeline: Second Time Is a Charm
The only controversial thing about the second-generation Honda Ridgeline is how it has midsize-truck capabilities in a package that is as well executed as an Accord sedan.
-
The Lexus NX: Competitive Crossover for a Competitive Space
Here’s a look at the development of a new luxury crossover from the company that arguably created the segment in the first place with its RX 300. This time, it is a compact from Lexus.