Analysis: Superior value to Veoneer shareholders
Two months ago, Veoneer was still in talks with Magna to accept its acquisition offer of $31.25 per share in cash, however yesterday, Qualcomm and SSW Partners reached a definitive agreement to acquire Veoneer in an all-cash transaction valued at $37.00 per share.
Complete Hardware and Software Solution
The forward-facing camera market is a growing market, and according to Strategy Analytics, it is poised to grow to a $2.4B market. Most new cars are equipped with a forward-facing camera that keeps the vehicle in lane, helps systems such as adaptive cruise control or low speed follow, detect cars, objects, pedestrians, and many more.
Automotive connected Vision powered by Qualcomm
It is not every day that you get to meet the Executive Vice President of BMW, Dr. Christoph Grote and the President of Qualcomm QTI, Cristiano Amon. People following our work do know that we meet Cristiano, but Dr. Grote shared a very insightful vision of connected and self-driving vision at BMW.
27 million car market share helped too
A year ago, Intel acquired Mobile Eye for $15.3 billion and Intel's CEO has expained why it happened. Safety is in the company’s mind, but Brian Krzanich was honest enough to recognize that Mobile Eye solves a large gap that Intel had before the acquisition.