The strategic move is a result of the joint venture's runaway
success and comes at a time when Aptoide is launching its
innovative combined iOS and Android app distribution
LISBON, Portugal, May 2, 2024 /PRNewswire/ -- Aptoide, the leading
alternative app distribution platform, has announced the sale of
its participation in Faurecia Aptoide Automotive to Forvia, a key
player in the automotive industry, in a significant strategic move
that illustrates the runaway success of the joint venture, a
pioneer in digital and sustainable cockpit experience. For Aptoide,
the sizable deal now made public means an even stronger focus on
its core business of providing an innovative global platform for
mobile app and games developers and users.
The joint venture has already been recognized as a global
partner in key markets like North & South America, EU, China, Japan,
India and Korea. Its offer fits
both the western and the eastern world constraints. With over three
million cars already in mass production, which means that one in
three cars in the above markets uses the technology and services
developed by Faurecia Aptoide, the number is expected to grow
exponentially to 20 million vehicles by 2025. Top tier carmakers
are already benefiting from the platform, covering 18 different car
brands. Faurecia Aptoide is forecasted to achieve 20% market share
in automotive apps by 2025 and 35% by 2030.
The Faurecia Aptoide Automotive apps market platform brings
leading applications in categories such as music streaming, gaming,
video and navigation into the automotive ecosystem. Some of the
notable applications and partners include Amazon Music, Spotify,
Webex, Zoom, NNG, Trivia Crack and Rovio.
"This acquisition marks a significant moment for Aptoide: it
recognizes the success of this joint effort that started 5 years
ago. Faurecia Aptoide Aptoide is one of the leading companies in
the world in bringing the apps experience to cars. And this deal
allows us to invest even more on our core business of providing a
top-tier platform for app developers and users, offering them a
unique experience. We are very excited about the near future and
the new products we'll be announcing soon, and look forward to
continuing our mission of shaping the future of app and games
distribution and monetization", said Paulo Trezentos, CEO of
Aptoide.
Forvia's CEO, Patrick Koller,
also shared his thoughts on the acquisition, "The acquisition of
Aptoide's shares in our joint venture further strengthens our
devotion to delivering cutting-edge solutions optimizing the
cockpit user experience. Faurecia Aptoide Automotive plays a
critical role in accelerating our software strategic direction,
driving innovation, and providing our customers with the highest
quality apps tailored to their specific needs. Our ambition is to
significantly contribute to the future of connected cars, setting
new standards for the automotive industry".
Aptoide and Forvia will continue to cooperate in Faurecia
Aptoide's app store and related services development.
The deal comes at a time when Aptoide is again revolutionizing
the mobile app distribution landscape by offering a universal
platform for developers to distribute and monetize games on both
Android and iOS. As the first app store to provide a combined
offer, including a crucial direct-to-consumer solution, Aptoide is
presenting developers with a unique opportunity.
About Aptoide
Aptoide is the leading app distribution and payment processing
platform, with over 430 million users, 10 billion downloads and 1
million apps. Available on multiple channels including Android, TV
and automotive, Aptoide offers developers a trusted, experienced
partnership with a deep understanding of all ecosystems.
Know more: https://en.aptoide.com/
CONTACT: press@aptoide.com
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