Autoliv to acquire certain assets of Swedish-based LiDAR specialist company
Autoliv has signed an agreement to acquire certain assets of a Swedish based LiDAR specialist company. Located in Stockholm and Skelleftea, Sweden, Fotonic i Norden AB is 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 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.