indie Semiconductor to Acquire Analog Devices' Symeo Radar Division
October 25, 2021
indie Semiconductor has signed a definitive agreement to purchase Analog Devices' Munich-based Symeo GmbH radar division. The carve-out acquisition adds radar hardware and software engineering capabilities to support ADAS and autonomous vehicle safety systems, with the deal pending customary closing conditions including German regulatory approval.
- Buyers
- indie Semiconductor, Inc.
- Targets
- Symeo GmbH
- Sellers
- Analog Devices, Inc.
- Industry
- AI & Machine Learning
- Location
- Germany
- Transaction Type
- Buyout
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