Bingham represented Agero Inc. in connection with the sale of its connected-vehicle division to satellite-radio broadcaster SiriusXM Radio Inc. for $530 million in cash. Agero’s connected-vehicle division provides vehicle telematics services, including security, safety, content and other technologies, to a blue-chip stable of clients including Acura, BMW, Honda and Hyundai.

Agero and Sirius have signed a stock purchase agreement; the transaction is expected to close in the fourth quarter of 2013. The closing will mark the end of a sale process that began in the summer of 2012. Bingham also represented Agero when it purchased the connected-vehicle business in 2008.

The Bingham team consisted of partners Brian Keeler, Don Abrams, Bill Berkowitz, Rachelle Dubow, Natascha George, Jordan Hershman, Russ Isaia, Amy Mugherini, Peter Pound and Ian Wenniger; counsel Kristen Ferris; and associates Katerina Papacosma, Eron Hackshaw and Jacob Harrell.