Autoliv Completes Acquisition of MACOM Automotive Solutions Business
August 17 2015 - 4:58PM
Business Wire
Regulatory News:
Autoliv, Inc. (NYSE:ALV) (STO:ALIVSDB), the worldwide leader in
automotive safety systems today announced that it has completed the
previously announced acquisition of the automotive business of
M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI)
(MACOM).
The purchase price for MACOM’s “Automotive Solutions” business
is approximately $100 million in cash, plus up to an additional $30
million in cash based on achievement of revenue-based earn-out
targets through 2019. In addition, MACOM has agreed to perform
consulting services for Autoliv over a 2-year period for up to $15
million in fees.
Autoliv expects to have this acquisition fully integrated in
Autoliv facilities in Lowell, MA before the end of 2015 and plans
to disclose more details on the technology and business in
connection with the upcoming Capital Markets Day on October 1-2,
2015.
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety
systems, develops and manufactures automotive safety systems for
all major automotive manufacturers in the world. Together with its
joint ventures, Autoliv has close to 80 facilities with more than
60,000 employees in 28 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 20 test
tracks, more than any other automotive safety supplier.Sales in
2014 amounted to US $9.2 billion. The Company's shares are listed
on the New York Stock Exchange (NYSE: ALV) and its Swedish
Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV
sdb). For more information about Autoliv, please visit our company
website at www.autoliv.com.
About MACOM
MACOM (http://www.macom.com/) is a leading supplier of
high-performance analog RF, microwave, millimeterwave and photonic
semiconductor products that enable next-generation Internet and
modern battlefield applications. Recognized for its broad catalog
portfolio of technologies and products, MACOM serves diverse
markets, including high speed optical, satellite, radar, wired and
wireless networks, industrial, medical, and mobile devices. A
pillar of the semiconductor industry, MACOM thrives on more than 60
years of solving its customers' most complex problems, serving as a
true partner for applications ranging from RF to Light.
Headquartered in Lowell, Massachusetts, MACOM is certified to
the ISO9001 international quality standard and ISO14001
environmental management standard. MACOM has design centers and
sales offices throughout North America, Europe, Asia and
Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech,
Partners in RF & Microwave, Partners from RF to Light, The
First Name in Microwave and related logos are trademarks of MACOM.
All other trademarks are the property of their respective
owners.
Safe Harbor Statement
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future, including closing
of the acquisition, anticipated revenue of the acquired business
and the anticipated product offering. All forward-looking
statements are based upon our current expectations, various
assumptions and data available from third parties. Our expectations
and assumptions are expressed in good faith and we believe there is
a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to
be correct as forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements.
Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the
forward-looking statements. The Company undertakes no obligation to
update publicly or revise any forward-looking statements in light
of new information or future events. For any forward-looking
statements contained in this or any other document, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995,
and we assume no obligation to update any such statement.
This information was brought to you by Cision
http://news.cision.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150817006284/en/
Inquiries:Ray Pekar, Tel +1 248 475 0427Vice President Investor
Relations Americas.orThomas J�nsson, Tel +46 (0)8 58 72 06 27Group
Vice President Communications.
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