Autoliv Acquires Visteon's Radar System Business
Autoliv, a developer and manufacturer of automotive safety systems, has acquired Visteon’s radar system business, in a move to strengthen its existing radar business.
The Visteon transaction includes physical assets, intellectual property, order book and engineers with expertise in radar-based driver assistance and active safety functions.
Autoliv offers a range of active safety functions based on efficient performance radar, night vision ,ad mono/stereo vision systems.
The acquisition in active safety systems follows upon Autoliv's 2008 acquisition of the automotive radar business from Tyco Electronics. In addition, the acquisition ensures that this productive cooperation continues and also enables to enhance active safety systems.
Jan Carlson, CEO of Autoliv, said: “While this acquisition is small, with less than $5m in sales and five highly skilled engineers, it fits very well our own existing radar business. Our radar specialists have worked together with the Visteon team over the past few years.
“This partnership has resulted in industry-leading Blind Spot and Rear Cross Traffic Detection Systems that are currently in production at multiple OEM customers.”
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