indie Semiconductor completed the acquisition of EXALOS for $45m.

indie Semiconductor, a pure-play automotive fabless semiconductor company, completed the acquisition of EXALOS, an electronics manufacturer, for $45m. "EXALOS’ differentiated solutions immediately expand indie’s ADAS and User Experience product and technology offering to our global tier one and automotive OEM customer base. Specifically, indie can now leverage EXALOS’ core Super luminescent LED, and SOA technologies to enable Head Up Display, high brightness visible lighting and Inertial Measurement Unit-based navigational applications and, importantly, to extend our FMCW LiDAR portfolio. We are gaining a well-established team of 17 world class engineers, including the industry’s leading expertise in bright light sources based on a proprietary Gallium Nitride process. At a higher level, our acquisition of EXALOS represents another step in our quest to build a broadline Autotech powerhouse,” Donald McClymont, indie’s Co-Founder and CEO.