Symeo GmbH is a privately held company based in Munich, Germany that specializes in RADAR hardware and software for emerging autonomous automotive and industrial applications. Symeo’s industrial high precision RADAR technology was originally developed within Siemens AG (XETRA: SIE) and subsequently spun-out as an independent entity in 2005 by the Siemens Technology Accelerator GmbH (STA).
Analog Devices (Nasdaq: ADI) designs and manufactures semiconductor products and solutions. ADI enables its customers to interpret the world around them by intelligently bridging the physical and digital with unmatched technologies that sense, measure and connect.
“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”, said Dr. Rudolf Freytag, CEO of the Siemens Technology Accelerator.
ADI was chosen as preferred partner from a select group of international parties under a structured sale process organized by Argonas Corporate Finance, who acted as exclusive sell-side advisor to Siemens and the other shareholders of Symeo.
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