ON Semiconductor Acquires SensL Technologies
ON Semiconductor has announced its acquisition of SensL Technologies. The acquisition is expected to be immediately accretive to ON Semiconductor's non-GAAP earnings per share.
SensL, is based in Ireland, specializing in Silicon Photomultipliers (SiPM), Single Photon Avalanche Diode (SPAD) and LiDAR sensing products for automotive, medical, industrial and consumer markets. This acquisition positions ON Semiconductor to extend its market leadership in automotive sensing applications for ADAS and autonomous driving with expanded capabilities in imaging, radar and LiDAR. By combining this acquisition in Ireland with previously acquired radar technology and design centers in Israel and United Kingdom, ON Semiconductor is uniquely positioned to provide a comprehensive set of sensor solutions for next generation highly autonomous vehicles and to solidify its position as a leader in image sensing and ultrasonic park assistance. In the second half of 2018, ON Semiconductor is planning to introduce samples to the market which incorporate technology from the radar assets acquired in 2017.
"The entire SensL team, founded by Carl Jackson and led by Bryan Campbell, have done a great job in bringing SiPMs to market and we look forward to expanding their market success and continuing their product portfolio in LiDAR, medical imaging and radiation detection," said Taner Ozcelik, senior vice president and general manager Image Sensor Group. "The automotive sensor fusion demand is growing at an accelerated pace with a need for additional sensor technologies that are provided by the SensL team. Expanding our sensor technology assets and design capacity in Ireland will allow us to extend our leadership in established segments and to deliver new, world-class solutions for emerging segments."
The SensL team will report directly into the Image Sensor Group. The team is located in Cork, Ireland and expands a global sensor design footprint that now includes major locations in the United States, UK, Japan, India, Israel, and Ireland.
This acquisition solidifies ON Semiconductor as a leader in sensing solutions for autonomous driving and ADAS applications, with a comprehensive portfolio of imaging, radar, ultrasound and LiDAR technologies.
