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Reuters,
Haaretz,
Jerusalem Post: Intel is to buy Mobileye for $14 billion to $15 billion, at a significant premium over the NASDAQ market value of $10.5 billion. The two companies are expected to officially announce the deal in coming hours.
Valeo has acquired gestigon, a German start‑up developing 3D image processing software for the vehicle cabin. Ths acquisition provides a solution to develop simple, intuitive and effective human-machine interfaces (HMI) for cabin comfort and driving assistance operations, particularly in high-growth technologies such as interior cameras and image processing.
“
We are delighted to welcome gestigon to the Valeo community,” said Marc Vrecko, head of Valeo’s Comfort and Driving Assistance Systems Business Group. “
A leader in human-machine interface solutions, this start-up enjoys recognized expertise in the automotive industry. By combining our skills in a larger team, we will sharpen our edge and reinforce our leadership in autonomous and connected cars.”
Update: Mobileye acquisition is official now:
Reuters,
Bloomberg.
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