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e2v Acquisition Gets Into Gear
In a move to position itself as a leading supplier of microwave components to the automotive industry e2v technologies has announced the purchase of the Microwave Sensors Business (MSB) from Dynex Semiconductor (Lincoln, UK).
Both e2v and the MSB are specialist component suppliers to the expanding automotive electronics industry.
The MSB products utilise radar techniques for vehicle security systems whereas e2v's strength is in the design and manufacture of microwave components and subsystems for adaptive cruise control (ACC) radar, which is rapidly becoming available on a broad range of vehicles.
The Microwave Sensors Business will be relocated to the e2v technologies site in Lincoln, UK.
In addition to the purchase, e2v is making significant investment in research and development activity to position itself as a premier supplier of high technology products to the automotive sector. Keith Attwood, the company's CEO, commented, "As existing suppliers to the automotive market, the synergy between our automotive business and MSB is immediately apparent and this acquisition will further enhance our footprint in this sector, confirming e2v as a major supplier of microwave sensors to the automotive industry."