Silicon Valley’s lidar leader Cepton, Inc. (Nasdaq: CPTN) has announced a definitive agreement for its acquisition by Koito Manufacturing Co., Ltd. (TSE: 7276), a major player in the automotive sector. The deal, valued at $3.17 per share in an all-cash transaction, marks a significant milestone for both companies. This acquisition will see Cepton, known for […]
In a strategic development for the automotive industry, Cyient, a global leader in Intelligent Engineering and Technology Solutions, has become the latest member of the eSync Alliance. This move is poised to significantly propel the standardization of automotive Over-The-Air (OTA) connectivity, marking a pivotal moment in the evolution of intelligent mobility solutions. For over two […]
Genesys International, a leader in geospatial technology for over two decades, has announced its latest development in Advanced Driver Assistance Systems (ADAS) maps. This groundbreaking innovation was showcased at the ADAS Show 2023, held at the International Centre of Automotive Technology (ICAT, Manesar) and guided by the Ministry of Heavy Industries, Government of India, on […]
Canadian automotive supplier Magna International will acquire the Veoneer Active Safety business from New York-based investment company SSW Partners in an all-cash transaction valued at $1.525bn. The agreement complements Magna International’s Go-Forward strategy of investing in high-growth areas and strengthens the company’s advanced driver assistance systems (ADAS) portfolio. The transaction is expected to increase Magna […]