indie Semiconductor enters definitive agreement to acquire Analog Devices’ Symeo radar division
ALISO VIEJO, Calif.–(BUSINESS WIRE)–October 25, 2021–
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, has executed a definitive agreement with Analog Devices, Inc. to purchase Symeo GmbH, ADI’s Munich-based radar division consisting of approximately 35 team members specializing in radar hardware and software development for emerging safety system applications. Symeo’s industry-leading RF and sensor technology enables real-time position detection and distance measurement for high precision radar solutions.