MicroVision to acquire Ibeo Automotive for $15m.

MicroVision, a company that develops laser scanning technology for projection, agreed to acquire Ibeo Automotive, an auto parts manufacturer, for $15m. "This is an exciting time as we welcome the Ibeo team to the MicroVision family. We believe this is the winning combination to accelerate our strategic plan at the exact right time. Our best-in-class hardware solution paired with existing perception features added to our ASIC, accelerated by the Ibeo software and automotive qualification experience, presents a significantly advanced solution for OEM. I'm also very excited about the immediate expansion of our multi-market strategy with Ibeo's sensor and hardware," Sumit Sharma, MicroVision CEO.