Autoliv has signed an agreement to acquire certain assets of a Swedish based LiDAR specialist company, Fotonic i Norden AB, a LiDAR and Time of Flight camera specialist that designs, develops, and manufactures these products.
The acquisition represents a transfer of certain intellectual property rights, development and prototyping assets and development resources of Fotonic i Norden AB, including about 35 engineering experts in the field of LiDAR and Time of Flight cameras.
The announcement complements the collaboration with Velodyne.The transaction is expected to close before year-end 2017, and is subject to customary closing conditions. The acquired assets and resources will become part of the Autoliv Electronics segment.
Autoliv, a leader in automotive safety systems and LiDAR and Time of Flight cameras are important sensors to make autonomous driving a reality, so this acquisition will further improve the competence and expertise in LiDAR and vision algorithms