Autoliv to acquire Tyco radar unit

  • 01-Aug-2008 04:17 EDT
Autoliv Inc. has agreed to acquire the automotive radar-sensors business of Tyco Electronics Ltd. for $42 million. The Tyco unit designs and manufactures­ active radar proximity and attribute sensor systems used in vehicle driver assist and safety applications for the global automotive market. It is the development partner of Daimler for automotive radar sensor technology and counts BMW and Chrysler among its OEM customers, along with a number of suppliers. Based in Lowell, MA, and Schweinfurt, Germany, it employs about 115 highly specialized technical, commercial, and manufacturing personnel.­
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