Electronics and Semiconductors

Lidar maker MicroVision acquires perception software vendor Ibeo

02 December 2022

Automotive lidar maker MicroVision Inc. has agreed to acquire certain assets from Ibeo Automotive Systems GmbH.

The $15.79 million deal will allow MicroVision to combine its Mavin lidar with Ibeo’s perception software into an application specific integrated circuit (ASIC) for automotive original equipment manufacturers. Additionally, the deal will expand MicroVision’s strategy to expand its lidar to industrial, smart infrastructure and robotics.

The combined company will create new lines of products ranging from software, flash-based lidar, scanning lidar sensors and other hardware with perception software solutions including using a flash-based sensor with MicroVision’s lidar for commercial vehicle segments.

MicroVision said it is acquiring the assets, IP and teams including those from its hardware and software businesses, automotive-focused and multi-market business development sectors.

The closing of the transaction is expected in the first half of 2023 pending regulatory and government approval.

Why it matters

Don’t look now but it appears as if the lidar market may be entering a period of mergers and acquisitions.

The lidar market has a lot of companies involved.

As with other emerging industries, many players flock to the technology to gain traction and capitalize on the opportunities. With the perception that lidar will be used not just in future autonomous vehicles but play a vital role in advanced driving assistance systems (ADAS) in today’s vehicles — not to mention the other potential use cases in other verticals — numerous companies have entered the lidar space.

Not surprising, not all these companies will make it, leaving them to either close up shop or be acquired by a larger vendor looking to add the tech to their portfolio or merge technologies to become a larger fish in a populated pond.

Such is that case with the recent merger announcement of two major lidar players in Ouster and Velodyne Lidar that was announced last month.

This merger showed that even companies that have successfully gained supply chain endorsements and design wins believe they are better off together than apart.

To contact the author of this article, email PBrown@globalspec.com

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