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Wind River announced that global alternative asset firm TPG will acquire the company from Intel. Wind River President, Jim Douglas, and his existing executive management team will lead the newly independent Wind River after the transaction closes.
For nearly 40 years, Wind River has helped the world’s technology leaders power generation after generation of safe, secure devices in the world. The company’s software runs the computing systems of important modern infrastructure, including manufacturing plants, medical devices, aircraft, railway, automobiles, and communications networks. Wind River’s products and solutions help enable engineers, developers, manufacturers, and system integrators to build intelligent connected devices, sensors, gateways, and networks that unlock machine data and connect it to cloud and IT environments.
The transaction, for which Allen & Company LLC served as financial advisor to Intel, is expected to close in the second quarter of 2018. The terms of the agreement are not being disclosed.