October 02, 2008

Autoliv Acquires Tyco Electronics' Automotive Radar Sensor Business

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STOCKHOLM, Sweden --- Autoliv Inc., a worldwide leader in automotive safety, has completed its acquisition of the automotive radar sensors business of Tyco Electronics Ltd. for $42 million.

This radar sensor business was a "carve-out" of the Radio Frequency and Subsystems business unit within Tyco Electronics. The business designs and manufactures active radar proximity and attribute sensor systems used in vehicle driver assist and safety applications for the global automotive market -- and is Daimler's development partner for automotive radar sensor technology.

The technology and intellectual property included in the transaction includes short-, medium- and long-range radar products. Automotive safety system applications for this technology include blind spot and collision warning, lane change assist, adaptive cruise control, collision mitigation by braking and side pre-crash sensing, along with back-up and park assist functions. The technology can also be used to trigger other vehicle safety features such as active bumpers, structures, knee bolsters and active seatbelts.

This business includes approximately 115 highly specialized technical, commercial and manufacturing employees who will support the activities required to intensify Autoliv’s efforts in the growing automotive active safety market.

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