Maxim has agreed to pay $130m, excluding $34m of debt, for Austria-based SensorDynamics, which develops sensors for cars.
Germany-based industrial conglomerate Siemens’ corporate venturing unit has exited its investment in SensorDynamics after the portfolio company was acquired by Nasdaq-listed Maxim Integrated Products.
Maxim has agreed to pay $130m, excluding $34m of debt, for Austria-based SensorDynamics, which develops sensors for cars.
SensorDynamics’ largest investor is I4G Investment, which manages money for Austrian family offices and private foundations, with Siemens Venture Capital named as the second backer followed by a number of local private investors, according to SensorDynamics’ website.…
