ECARX to Acquire Flyme Auto Software Business for RMB1.8 Billion
ECARX (ECX) agreed to acquire the entire Flyme software portfolio, including Flyme Auto in-vehicle cockpit operating system and cross-device Flyme OS, for RMB1.8 billion (~$266 million).
ECARX Holdings Inc. (ECX) agreed to acquire the entire Flyme software business portfolio for RMB1.8 billion, or approximately $266 million. The deal encompasses Flyme Auto, an in-vehicle cockpit operating system, and a cross-device Flyme operating system.
The transaction involves ECARX, the automotive software provider, and Flyme, the seller of the software assets. No named executives, closing date, or completion structure details were disclosed in the available materials. The acquisition price of RMB1.8 billion represents the stated valuation for the combined software portfolio.
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