Infineon is a leading chip provider for driver assistance systems. With the purchase of Innoluce and their technologies they are aiming to further develop chip components for Lidar (a detection system similar to radar but based on laser lights instead of radio-frequency). Lidar is one of the most important sensortechnologies for self-driving cars and autonomous vehicles.
Innoluce was founded in 2010 as an entrepreneurial spin-off of Royal Philips. It is a fabless semiconductor company headquartered in Nijmegen, The Netherlands, near the Dutch-German border. The company has a strong expertise in micro-electro-mechanical systems (MEMS). Innoluce is a leading innovator of miniature laser scanning modules that integrate silicon-based solid-state MEMS micro-mirrors. Such micro-mirrors are necessary to adjust the laser beams in automotive light detection and ranging (lidar) systems. Further information is available at www.innoluce.com
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2015 fiscal year (ending September 30), the company reported sales of about Euro 5.8 billion with some 35,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (FSE: IFX) and in the USA on the over-the-counter market OTCQX International Premier (QTCQX: IFNNY).
IMAP Netherlands, with offices in Amsterdam and Rotterdam, advised Innoluce during the transaction. The M&A advisors offer their clients financial and strategic corporate finance advice. The deal team that advised Innoluce was: Peer Joosten and Willem Op de Hoek.