Press Release from Carey Olsen, Tuesday 21 January, 2025.
Carey Olsen has advised global leader in automotive processing and networking, NXP Semiconductors NV (NASDAQ: NXPI) (“NXP”) on its entry into a definitive agreement to acquire Aviva Links via an all-cash transaction valued at US$242.5 million. The acquisition is expected to close in the first half of 2025 subject to customary closing conditions, including regulatory approvals.
Aviva Links brings the industry’s most advanced ASA compliant portfolio, supporting SerDes point-to-point and Ethernet-based connectivity to enable complex driver-assistance systems and in-vehicle infotainment. The company has already secured design wins at two major automotive OEMs and is sampling its devices to various OEMs and Tier-1 suppliers.
The acquisition will enable NXP to expand its position in the automotive industry and is expected to boost growth in the industry by shifting the market from propriety solutions to open-standard ASA SerDes links.
The Carey Olsen Cayman Islands corporate team advising on this transaction comprised partner Dylan Wiltermuth and associate Nicholas Vasic, alongside onshore counsel Kastner Gravelle LLP.
Dylan Wiltermuth commented: “NXP’s acquisition of Aviva Links represents an exciting development in the automotive industry, with the opportunity to accelerate the development of software-defined vehicles and offer complete networking solutions to OEMs. We are pleased to have advised NXP on this transaction, which will enable the company to expand its leadership position in this space.”
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