ADI Acquires Auto Radar Company Symeo GmbH
Analog Devices Inc. (ADI) announced the acquisition of Symeo GmbH, a privately held company based in Munich that specializes in radar hardware and software for emerging autonomous automotive and industrial applications. Symeo’s innovative signal processing algorithms will enable ADI to offer customers a radar platform with significant improvements in angular accuracy and resolution.
Symeo's unique RF and sensor technology enables real-time position detection and distance measurement. The company’s technology enables system integrators and original equipment manufacturers to offer high precision radar solutions in rough industrial environments, complementing ADI’s expanding portfolio of market solutions in this space.
The Symeo team will join ADI’s Autonomous Transportation and Safety (ATS) business unit and continue to be based in Munich.
Symeo’s industrial, high precision radar technology was originally developed within Siemens AG and, in 2005, spun out as an independent entity by the Siemens Technology Accelerator GmbH.
Chris Jacobs, VP of the ATS business, said, “With this acquisition, ADI can now deliver more comprehensive and compelling radar solutions to customers. Combining ADI’s industry-leading product portfolio with Symeo’s system and algorithm expertise will pave the way for higher performance radar solutions, enabling more accurate sensing in autonomous systems.”
Rudolf Freytag, CEO of the Siemens Technology Accelerator, said, “Symeo has become a technology leader in industrial radar solutions. With the completion of this transaction, the combination with the technology platform and broad market reach of ADI will ensure further innovations, not only in the industrial space but also in the automotive and aerospace markets.”
Argonas Corporate Finance acted as exclusive sell-side advisor to Siemens and the other shareholders of Symeo.