BERLIN, March 8, 2018 /PRNewswire/ --
Analog Devices, Inc. (Nasdaq: ADI) today announced the
acquisition of Symeo GmbH, a privately held company based in
Munich, Germany that specializes
in RADAR hardware and software for emerging autonomous automotive
and industrial applications. Symeo's innovative signal processing
algorithms will enable ADI to offer customers a RADAR platform with
significant improvements in angular accuracy and resolution.
"With this acquisition, ADI can now deliver more comprehensive
and compelling RADAR solutions to customers," said Chris Jacobs, Vice President of the Autonomous
Transportation and Safety Business Unit, Analog Devices. "Combining
ADI's industry-leading product portfolio with Symeo's system and
algorithm expertise will pave the way for higher performance RADAR
solutions, enabling more accurate sensing in autonomous
systems."
Symeo's unique RF and sensor technology enables real-time
position detection and distance measurement. The company's
technology enables system integrators and original equipment
manufacturers (OEMs) to offer high precision RADAR solutions in
rough industrial environments, and complements ADI's expanding
portfolio of market solutions in this space.
Symeo's industrial high precision RADAR technology was
originally developed within Siemens AG (XETRA: SIE) and
subsequently spun-out as an independent entity in 2005 by the
Siemens Technology Accelerator GmbH (STA).
"Symeo has become a technology leader in industrial RADAR
solutions - with the completion of this transaction, the
combination with the technology platform and broad market reach of
ADI will ensure further innovations not only in the industrial
space but also in the automotive and aerospace markets", said Dr.
Rudolf Freytag, CEO of the Siemens
Technology Accelerator.
The Symeo team will join ADI's Autonomous Transportation and
Safety (ATS) business unit and continue to be based in Munich.
Argonas Corporate Finance acted as exclusive sell-side
advisor to Siemens and the other shareholders of Symeo.
About Analog Devices
Analog Devices (Nasdaq: ADI) designs and manufactures
semiconductor products and solutions. We enable our customers to
interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense,
measure and connect.
Visit http://www.analog.com.
About Symeo
Symeo GmbH, based in Munich,
Germany, specializes in developing and manufacturing
telemetry solutions with RF data transmission.
Visit: http://www.symeo.com
About Siemens Technology Accelerator
Siemens Technology Accelerator is a wholly owned subsidiary of
Siemens AG and turns innovative Siemens technologies and commercial
opportunities beyond Siemens' strategic focus into successful
businesses. These businesses are founded as venture
capital-financed start-ups or created through sales and licensing
deals with existing companies.
Visit: http://www.sta.siemens.com
About Argonas Corporate Finance
Argonas Corporate Finance Advisors, headquartered in
Berlin (Germany), is a specialized, independent
advisory firm that supports particularly mid-market companies and
their shareholders as well as private equity firms and family
offices on M&A and structured financing transactions. The team
combines complementary experience in the areas M&A, financing
and private equity which has been built up over many years with
various roles at leading banks, advisory firms and investment
firms.
Visit: http://www.argonas.de .
Contact:
Christian Berkhoff
Managing Partner
+49 (0) 30-92271339
c.berkhoff@argonas.de