SiriusXM Acquires Connected-Vehicle Services Company for $115 Million

May 9, 2017

SiriusXM has acquired Automatic Labs for $115 million. Automatic Labs, based in San Francisco, markets connected-car adapters Automatic Pro and Automatic Lite, which provide services such as diagnostic information, vehicle tracking and fuel monitoring.

The acquisition will expand SiriusXM’s connected-vehicles segment involvement. The radio company founded Sirius XM Connected Vehicle Services four years ago in Irving, Texas.