Monday, March 13, 2017

Automotive Acquisitions: Intel Buys Mobileye, Valeo Buys Gestigon

Reuters, Haaretz, Jerusalem Post: Intel is to buy Mobileye for $14 billion to $15 billion, at a significant premium over the NASDAQ market value of $10.5 billion. The two companies are expected to officially announce the deal in coming hours.

Valeo has acquired gestigon, a German start‑up developing 3D image processing software for the vehicle cabin. Ths acquisition provides a solution to develop simple, intuitive and effective human-machine interfaces (HMI) for cabin comfort and driving assistance operations, particularly in high-growth technologies such as interior cameras and image processing.

We are delighted to welcome gestigon to the Valeo community,” said Marc Vrecko, head of Valeo’s Comfort and Driving Assistance Systems Business Group. “A leader in human-machine interface solutions, this start-up enjoys recognized expertise in the automotive industry. By combining our skills in a larger team, we will sharpen our edge and reinforce our leadership in autonomous and connected cars.

Update: Mobileye acquisition is official now: Reuters, Bloomberg.

1 comment:

  1. ADAS Market by 2021 projected to be around $42 billion. ~$0.4 billion is mobile eye revenue. Intel paying $15 billion for mobile eye :)

    ReplyDelete

All comments are moderated to avoid spam.