The acquisition represents a transfer of certain intellectual property rights, development and prototyping assets and development resources of Fotonic i NordenAB, including about 35 engineering experts in the field of Lidar and Time of Flight cameras. “Lidar and Time of Flight cameras are important sensors to make autonomous driving a reality. We are very pleased that this strong and knowledgeable team is joining our company, thereby further improving Autoliv’s already ystrong competence and expertise in Lidar and vision algorithms,” says Johan Löfvenholm, President Autoliv Electronics. The announcement complements the collaboration with Velodyne. 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.
Generating real-time images with high spatial resolution even at night and under poor visibility conditions, Lidar is considered a critical technology for automated driving. With its move to acquire technology expertise and intellectual property in this field, Autoliv follows similar measures from companies in the automotive electronics market like Osram, Magneti Marelli , Magna, and Infineon, to name just a few.