STOCKHOLM, Sept. 28, 2017 /PRNewswire/ -- Autoliv,
Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in
automotive safety systems, has signed an agreement to acquire
certain assets of a Swedish based LiDAR specialist company.
Located in Stockholm and
Skellefteå, Sweden, Fotonic i
Norden AB is a LiDAR and Time of Flight camera specialist that
designs, develops, and manufactures these products. The acquisition
represents a transfer of certain intellectual property rights,
development and prototyping assets and development resources of
Fotonic i Norden AB, 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 strong 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.
Inquiries:
Thomas Jönsson
Group Vice President Communications
Tel +46(0)8-58-72-06-27
About Autoliv
Autoliv, Inc. is the worldwide leader in automotive safety
systems, and through its subsidiaries develops and manufactures
automotive safety systems for all major automotive manufacturers in
the world. Together with its joint ventures, Autoliv has more than
80 facilities with 70,000 employees in 27 countries. In addition,
the Company has 22 technical centers in ten countries around the
world, with 19 test tracks, more than any other automotive safety
supplier. Sales in 2016 amounted to about US $10.1 billion. The Company's shares are listed on
the New York Stock Exchange (NYSE: ALV) and its Swedish Depository
Receipts on Nasdaq Stockholm (ALIV sdb). For more information about
Autoliv, please visit our company website at
www.autoliv.com.
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. All
forward-looking statements, including statements regarding the
ability to close the transaction and transfer the relevant rights,
assets and resources, 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. 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 publicly or revise any forward-looking
statements in light of new information or future events, except as
required by law.
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/autoliv/r/autoliv-to-acquire-lidar-and-time-of-flight-camera-expertise,c2355692
The following files are available for download:
http://mb.cision.com/Main/751/2355692/728631.pdf
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