SiriusXM acquires connected car company Automatic for over $100M

 SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. The deal is acknowledged by SiriusXM CFO David Frear to be worth a little north of $ 100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s products and team will remain focused on the… Read More
Fundings & Exits – TechCrunch

Leave a Comment