Microvision (MVIS) to Acquire Ibeo Automotive Systems
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MicroVision to Acquire Ibeo Automotive Systems to Accelerate Solutions for Automotive OEM and Expand Multi-Market Sales
December 1, 2022 9:14 AM ESTAcquisition brings together MicroVision's best-in-class MAVIN" hardware and Ibeo's best-in-class perception software to be integrated into MicroVision's perception ASIC, accelerating the path to a cost effective, true "one box solution" required by automotive OEMs for a roofline integrated productAccelerates combined company revenue streams from hardware and software products with forecast ranging between $8 to $15 million in 2023[1] with expected future growthSynergistically address existing customer base that includes top-tier German and U.S. automotive OEMs, plus expand multi-market strategy focusing on industrial, smart infrastructure, robotics, and commercial vehicle segments with Ibeo's flash-based... More
