Autoliv says it has entered into a definitive agreement to acquire the automotive business of M/A-COM Technology Solutions Holdings for US$100m.
The ‘Automotive Solutions’ business Autoliv intends to acquire is a carve-out of the automotive business of MACOM, a supplier of analogue RF, microwave, millimeterwave and photonic semiconductor products.
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The Automotive Solutions element of MACOM is a supplier of integrated, embedded global positioning system (GPS) modules to the automotive industry.
Based in Lowell, Massachusetts, the business includes 25 technical, commercial and manufacturing support employees focused on the design, development and production of GPS modules.
The 2015 annual revenue estimate is to be around US$90m and the transaction is expected to be accretive to Autotliv margins upon closing.
Other technologies and intellectual property included in the transaction are various Radio Frequency (RF) and antenna products (hardware and software) and Electronic Horizon, which is an advanced driver assistance system connecting navigation and GPS data to improve safety, fuel efficiency and reduce emissions.
