Chinese company purchases Finnish Rightware
A Finnish automotive user interface software provider, Rightware, has been acquired by Thundersoft, a Chinese company, which is a big scale provider of operating systems and smart device platform technology.
In recent years, Rightware has grown rapidly. Its turnover for 2016 is expected to reach seven million euros. The acquisition is worth 64 million euros, and it is expected to be closed in early 2017. The deal supports the continuous growth of both companies.
“In combination with Rightware’s unique technology, design knowhow and world-class talent, we can bring more value to our customers and transform the automotive industry with our innovations”, says Larry Geng, CEO of Thundersoft.
Currently Rightware employs fifty personnel. In addition, the company has a 12-month plan to recruit 20 new experts, half of which are expected to be recruited in Finland.
Rightware continues as an independent company through its existing brand, products and focus on the automotive industry. The present Rightware management will remain and re-invest in the company.