Autoliv buys automotive radar sensors business of Tyco Electronics
29-07-08
Autoliv, a provider of automotive safety, will acquire the automotive radar sensors business of Tyco Electronics for US$42 million. This part of the business unit designs and manufactures active radar proximity and attribute sensor systems used in vehicle driver assist and safety applications for the global automotive market. Based in Lowell, Massachusetts, USA and Schweinfurt, Germany, the business includes approximately 115 employees. It is Autoliv’s expectation that the sales of the acquired business will approach $100 million within three years.