On this regard, the Firm has executed a binding Time period Sheet with the shareholders of NOVELIC.
NOVELIC is a self-sustaining supplier of mmWave radar sensors, notion options, and full-stack embedded techniques. With NOVELIC’s capabilities in sensors and notion options, Sona Comstar intends to develop within the space of autonomous and related car applied sciences.
The acquisition requires a money consideration of Euro 40.5 million, payable in three tranches inside 2 years from the completion of the acquisition.
Powered by Capital Market – Dwell Information
(This story was not edited by Enterprise Customary workers and was mechanically generated from a syndicated feed.)
Subscribe to Enterprise Customary Premium
Unique Tales, Curated Newsletters, 26 years of Archives, E-papers, and extra!