Safety systems specialist Autoliv has agreed to buy some assets from a Swedish based LiDAR specialist company.
Located in Stockholm and Skelleftea, Sweden, Fotonic i Norden designs, develops, and manufactures LiDAR and Time of Flight cameras.
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The Autoliv purchase will transfer some intellectual property rights, development and prototyping assets and development resources plus about 35 engineers expert with LiDAR and the cameras.
“LiDAR and Time of Flight cameras are important sensors to make autonomous driving a reality. We are very pleased that this strong and knowledgeable team is joining our company, thereby further improving Autoliv’s already strong competence and expertise in LiDAR and vision algorithms,” said president Johan Lofvenholm.
The announcement complements the collaboration with Velodyne.
The deal, expected to close before the end of 2017, is subject to the usual closing conditions. The purchased assets and resources will become part of Autoliv’s electronics segment.
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