M&A advisory for automotive software companies
Automotive software M&A has been shaped by the software-defined vehicle agenda at OEMs and Tier 1 consolidation around ADAS, infotainment and connected services. Strategic acquirers - global OEMs, the major Tier 1 suppliers and mobility platforms - are the most active buyers, with selective PE participation. Deals tie to design wins, royalty visibility and time-to-production-vehicle.
The most active buyers are global OEMs and Tier 1 suppliers building out software-defined vehicle and ADAS capabilities, alongside selective PE platforms running mobility software roll-ups. Flow has direct access to the OEM corporate development teams, Tier 1 strategics and PE buyers that actually transact in automotive software.
Flow team has relevant sector experience and has worked with automotive software companies across ADAS and autonomy, in-vehicle infotainment, vehicle data and telematics, EV charging, and dealer and aftermarket systems.
"Automotive software" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing automotive software M&A targets
Design wins
Programme backlog
Per-vehicle royalty
SOP timing
Licence revenue
Services attach
OEM concentration
Connected vehicles
Gross margin
R&D / revenue
Automotive software valuations in May 2026
Public automotive software comps trade at 4.8x EV/Revenue. Median revenue multiple across automotive software M&A deals was 2.8x in the last 12 months.
4.8x
Median EV/Revenue as of May 2026 for public automotive software companies
7.1x
Autodesk is the highest valued public automotive software company based on EV/Revenue (excluding outliers)
2.8x
Median EV/Revenue across automotive software M&A deals in the last 12 months
36x
Median EV/Revenue across automotive software VC rounds in the last 12 months
Key recent automotive software M&A deals
$376M acquisition of InfoMedia by TPG was the largest automotive software M&A transaction completed in the last year.
See all automotive software M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Aug-25 | InfoMedia |  | InfoMedia is an Australian software provider for the automotive sector. Brisbane-headquartered, it develops platforms for parts catalogs, service manuals, and technical data distribution connecting manufacturers, dealers, and customers. | TPG | $376M | 4.0x | |
Jan-26 | Vehiclecare |  | Vehiclecare is an India-based online platform for automotive service and damage repair serving car owners, fleets, manufacturers, insurers, and brokers through digitized assessment and management. | Roadzen | $277M | - | |
Jun-25 | AutoDisk |  | AutoDisk is a Utrecht-based software developer focused on mobility applications and business tools for transportation sectors. | Main Capital Partners | $216M | - | |
May-26 | CYMOTIVE Technologies |  | CYMOTIVE Technologies is an automotive cybersecurity firm founded in 2016 by former leaders from Israel’s National Security Agency. The company supplies pre-emptive solutions across vehicle design, development, and post-production stages to car manufacturers, suppliers, and smart cities. Volkswagen Group counts among its early customers, with teams based in Israel, Germany, Sweden, Italy, and the US. | KPIT Technologies | $120M | 6.3x | |
Sep-25 | ES-Tec |  | ES-Tec is a Stuttgart-based engineering provider for the automotive sector in Germany. It engineers driver assistance systems, comfort electronics, and e-mobility components, testing ADAS features like adaptive cruise control and infotainment interfaces. The company collaborates with OEMs such as BMW and suppliers like Bosch on projects certified to ISO 26262, employing 150 engineers across Europe. | Tata Technologies | $81M | - | |
Jan-26 | Carinfo | | Carinfo is an Ireland-based vehicle data platform aggregating telematics, diagnostics, and usage information for fleet management, insurance, and mobility applications. | CARS24 | $47M | - | |
Sep-25 | Quorum Information Technologies |  | Quorum Information Technologies is a Calgary-headquartered SaaS provider of dealership management systems for automotive retailers across Canada and the US. Solutions cover DMS, CRM, digital retailing, and EV-specific tools like charger management for 4,000 locations. Quorum serves OEMs including Ford and Toyota through XPress API integrations and powers fixed-ops scheduling with parts inventory control. | Valsoft | $47M | 1.6x | |
Oct-25 | Dealer Merchant Services |  | Dealer Merchant Services is a payment processing specialist for car dealerships in the United States, capitalizing on legislative changes like the Durbin Amendment. It provides tailored merchant accounts, POS integrations, and fraud prevention for F&I offices. Services extend to buy-here-pay-here operations with buyback guarantees and compliance tools for TCPA regulations. | Priority Technology Holdings | $35M | - | |
Jul-25 | Claire Automotive Support | | Claire Automotive Support optimizes aftersales processes in the automotive industry, focusing on waste reduction, transparency, and workflow efficiency. | UnameIT | $27M | - | |
Aug-25 | emotion3D |  | emotion3D is a software provider of Human AI perception for automotive in-cabin monitoring. Munich-headquartered, the company analyzes camera images for body joint positions, head poses, and facial data in real-time. Integrated into its CABIN EYE product, the technology detects driver drowsiness, fatigue, and crash scenarios. emotion3D licenses its algorithms to OEMs and suppliers like Bosch for safety, automation, and personalized vehicle controls. | Indie Semiconductor | $20M | - | |
Mar-26 | Urgently | | Urgently Inc is a connected mobility assistance software platform, matching vehicle owners and operators with service professionals who deliver traditional roadside assistance, proactive maintenance and repair services. The traditional experience of a vehicle breakdown is often stressful and inconvenient, compounded by processes that lack transparency and to long wait times. Urgently offers an alternative to this traditional experience, leveraging its digitally native software platform to match supply and demand in its network and deliver exceptional mobility assistance experiences at scale. | Agero | $14M | 0.1x | |
May-26 | Foundation Direct | | Foundation Direct is a technology company. The firm supplies digital advertising solutions to automotive groups and dealerships. | Team Velocity Marketing | - | - | |
May-26 | Moove Connected Mobility | | Moove Connected Mobility is a provider of connected mobility solutions that connect vehicle data to minimize fleet manager intervention. Telematics, data analytics, and IoT enable analysis of fleet usage by location, which identifies underutilized sub-fleets over six-month periods. The company extends services to connected cars and other mobility applications. | Netradyne | - | - | |
Apr-26 | Starkwood Media Group |  | Starkwood Media Group offers eCommerce, stock, and customer management services for automotive websites. | Perseus Operating Group | - | - | |
Apr-26 | Fullpath | | - | Cox Automotive | - | - |
Most active buyers of automotive software companies
AutoManager, CarData and Main Capital Partners are the most active acquirers of automotive software companies in the last three years.
See all automotive software acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
AutoManager | | AutoManager is an Orlando-based dealer management system for collision repair shops in North America. The software manages estimates, parts ordering, customer scheduling, and accounting through modules integrated with QuickBooks and Mitchell estimating tools. It serves thousands of auto body facilities with mobile apps for technicians and real-time reporting. | MacrosmithEverLogicAutoAp | 3 | |
CarData | | CarData is a vehicle merchandising firm specializing in on-lot services for car dealerships, including professional photography, 360-degree videos, and live walk-around tours. Operating nationwide from Denver, Colorado since 2015, it equips over 300 dealerships with branded content for online inventory listings on platforms like AutoTrader and Cars.com. The company's mobile teams capture high-resolution assets, boosting vehicle sales velocity by an average of 20 percent. | DiamondLotDealer VisualAutoNetTools+1 | 3 | |
Main Capital Partners | | Main Capital Partners is an Amsterdam-headquartered private equity firm exclusively investing in enterprise software companies across Benelux, DACH, and Nordics regions. It pursues buy-and-build strategies in SaaS, cloud, and vertical market software, partnering with management for operational scaling. | AutoDiskUnameITAgenium.ai+2 | 2 | |
Keyloop | | Keyloop is a Reading-headquartered global supplier of automotive retail software solutions. It partners with dealers and OEMs worldwide to deliver dealer management systems, CRM platforms, and digital retailing tools. Keyloop's cloud-based products streamline vehicle sales, aftersales service, finance, and customer engagement processes. The company serves over 18,000 dealership sites across 58 countries, including major brands like Ford, Volkswagen, and Renault. | Motortech.aiAutomotive Transformation GroupSERTI Information Solutions | 2 | |
Perseus Operating Group | | - | Starkwood Media GroupAuto-ITMatrix Sistemas+1 | 2 | |
Bolt Software |  | Bolt Software invests in businesses to accelerate growth while maintaining profitability and company culture through long-term commitments. | Dealer Digital Solucoes DigitaisDealerSitesFollowize | 2 | |
Tata Technologies | | Tata Technologies Ltd is an engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries. The company's reportable segments are; Services, and Technology Solutions. A majority of its revenue is generated from the Services segment which includes providing outsourced engineering and designing services and digital transformation services to manufacturing clients. It generates revenue from India, North America, Europe, the United Kingdom, and other regions. | ES-TecEscenda | 1 | |
Indie Semiconductor | | Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms. Geographically, the company generates majority of its revenue from Greater China and rest from United States, Europe, South Korea and other regions. | emotion3Dams OSRAM (CMOS image sensor unit)Exalos+1 | 1 | |
Netradyne | | Netradyne is a San Diego-headquartered computer vision company enhancing fleet safety through AI-driven cameras and analytics. Its Driveri system processes video feeds from vehicle-mounted devices to score driver behavior, detect distractions, and predict collision risks. Deployed in trucking and delivery fleets across North America, Netradyne analyzes billions of miles driven annually, integrating with telematics from Samsara and Geotab for comprehensive risk management. | Moove Connected Mobility | 1 | |
UnameIT | | UnameIT is a Dutch software provider based in Eindhoven specializing in enterprise solutions for automotive manufacturers. Its platform streamlines dealer management, aftersales processes, and customer relationship systems used by brands like BMW and Volkswagen groups. UnameIT integrates CRM, inventory control, and warranty handling to optimize operations across sales, service, and parts distribution networks. | Claire Automotive Support | 1 |
Founders and investors we've worked with
We've supported winning builders across automotive software and beyond.
Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
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MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Resillion
We provided buy-side advice to a dominant TIC industry player on the carve-out and acquisition of Resillion (fka Eurofins Digital Testing), a Hasselt-based digital testing, cybersecurity and forensics provider.
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Digital Asset Management Software Provider
We provided buy-side advice to Byron Capital Partners on its acquisition of a leading European digital asset management (DAM) software platform.
See moreRecent M&A advisory track record
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