MicroVision to acquire Ibeo's lidar assets for €15M; combined revenue forecast $8-15M in 2023

MICROVISION, INC.

Acquisition price €15M; expected close H1 2023, subject to German regulatory clearance.
Combines MicroVision's MAVIN lidar with Ibeo's perception software; ASIC integration demo by Q2 2023.
Forecast 2023 revenue $8-15M from combined hardware, software, royalties.
Expands manufacturing partnership with ZF for MAVIN lidar production.
Expands multi-market strategy to industrial, robotics, commercial vehicle segments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MICROVISION, INC. entered into Asset Purchase Agreement with Ibeo Automotive Systems GmbH valued at EUR 15,000,000 (effective 2022-12-01).

Action: entry
Agreement: asset purchase
Counterparty: Ibeo Automotive Systems GmbH
Value: EUR 15,000,000
Effective: 2022-12-01

Exact text from the filing

On December 1, 2022 (the “Signing Date”), MicroVision GmbH, a company organized under the laws of The Federal Republic of Germany and wholly owned subsidiary of MicroVision, Inc., (together, “MicroVision” or the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Ibeo Automotive Systems GmbH, a company organized under the laws of The Federal Republic of Germany (“Ibeo”), pursuant to which MicroVision has agreed to acquire from Ibeo certain assets related to Ibeo’s lidar sensor business.

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MICROVISION, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-296032

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