Sensata Technologies and Melexis Sign Agreement on Sale of Vision Business
April 2, 2009 - Ieper, Belgium. Sensata Technologies and Melexis today announced the signing of an agreement to sell Sensata’s Vision business to Melexis, a Belgian-based manufacturer of smart mixed-signal semiconductors, integrated circuits and integrated sensors and systems for automotive applications. Sensata had previously announced the intention to sell the Vision business in December, 2008. The transaction is expected to close by the end of April.
The Vision business already provides CMOS imagers and imaging modules to automotive advanced driver assistance systems for customers such as Bosch and Delphi.
Melexis strategic focus on automotive semiconductors and sensors renders this acquisition of immediate benefit to customers of its existing optoelectronic and imaging sensor products. The market has begun production deployment of vision-based, automotive safety and convenience features, like night vision, lane departure warning, road sign recognition and advanced cruise control. Vehicle designers will look to specialized image sensors capable of meeting their durability, performance and reliability expectations.
Melexis Chief Executive Officer Rudi De Winter states, “The wide dynamic range camera technology from Sensata’s Vision business is complementary to our current imaging sensors and fits very well with the trend of increasing use of vision products to enhance safety in cars."
Melexis intends to rapidly integrate the Vision business in order to maximize the benefits for current and future customers. Combined with strong distributed opto development teams already in place in Europe, the strengths of the Vision business team will ensure the success of future development projects.
About Sensata Technologies
Sensata Technologies is a leading global supplier of sensing, electrical protection, control and power management solutions across a broad array of industries and markets. The company has business and product development centers in the United States, the Netherlands and Japan; and manufacturing operations in Brazil, China, South Korea, Malaysia, Mexico, and the Dominican Republic, as well as sales offices around the world. Sensata employs approximately 9,000 people worldwide. Further information can be found on the Company’s web site: www.sensata.com.
About Melexis
Melexis (Euronext Brussels: MELE) is a supplier of smart mixed-signal semiconductors. Our core experience derived from more than ten years supplying ICs to the automotive electronics market sustains the expansion into Application Specific Standard Products for industrial and consumer product applications. Melexis’ products include sensor ICs (Hall-effect, optical, infrared and Micro-Electro-Mechanical Systems or MEMS), communication ICs (low power RF, RFID and Automotive BUS), actuator ICs (for electric motors, solenoids and LEDs) and Application Specific Integrated Circuits (ASICs). Further information about Melexis can be found at http://www.melexis.com.