SiriusXM acquires connected car company Automatic for over $100M

SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. The deal is acknowledged by SiriusXM CFO David Frear to be worth a little north of $100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s … Continue reading SiriusXM acquires connected car company Automatic for over $100M