SiriusXM goes Automatic in $100m acquisition

Apr 28, 2017 • Robert Lavine

The online radio group has bought in-car connected technology developer Automatic Labs, giving exits to Comcast, CDK Global and USAA among others.

Mass media group Comcast exited US-based connected car technology developer Automatic Labs yesterday in an acquisition by online radio company SiriusXM reported by TechCrunch to be “a little north of” $100m in size.

Automatic has created a connected car adapter that can connect to a user’s smartphone, giving them in-car access to apps providing services such as fuel monitoring, identification of engine trouble and the capability to alert emergency response about accident sites.

The company’s adapter products, together with its…

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