Sirius XM Expands Dashboard Capabilities With $530 Million Agero Acquisition

Sirius XM Radio is set to acquire Agero‘s Connected Vehicle Services division for $530 million in cash by the fourth quarter. This means that in addition to Siriux XM’s leading reputation in satellite radio, they will also be the leading provider of connected vehicle services to auto makers, as well as insurance companies.

Dave Ferrick, CEO of Agero, basically summed it up in a statement saying, “As the automotive telematics industry has evolved, connected vehicle services have become increasingly focused on integration and infotainment, and we believe that SiriusXM is perfectly positioned to take these capabilities forward in this changing market.”

 

Sirius has also been developing telematics services and technologies in the past couple years with automobile companies like Nissan and Ford.

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