Sirius XM aquires Connected Vehicle Services Unit of Agero

NEW YORK, USA: Sirius XM Radio announced that it has completed the previously announced acquisition of the connected vehicle services business of Agero, Inc. In connection with the transaction, the business unit will change its name to Sirius XM Connected Vehicle Services Inc.

Jim Meyer, CEO, Sirius XM, said: "We are pleased to complete the acquisition of Agero's connected vehicle services business, creating a leading service provider of telematics and connected vehicle services. With this transaction now complete, we are positioned to accelerate Sirius XM's development of our connected vehicle services platform, supporting the rapidly expanding field of connected vehicle services and strengthening our ability to provide services over satellite and mobile networks. We are pleased to welcome Agero's connected vehicle services team to Sirius XM."

Already offering unparalleled audio entertainment and data services in vehicles, Sirius XM is uniquely positioned to offer end-to-end telematics services. With this acquisition, Sirius XM will provide connected vehicle services to a host of major automotive manufacturers, including Acura, BMW, Honda, Hyundai, Infiniti, Lexus, Nissan and Toyota. Sirius XM's offerings will include safety, security and convenience services for drivers and end-to-end, turnkey solutions for automakers.