Semiconductor Company Himax Acquires Sensor Developer Emza
Himax acquired a 45.1% stake in Israel-based Emza in April
Hagar Ravet | 10:57 08.04.2018
Taiwan-based fabless semiconductor company Himax Technologies Inc. has exercised its options to fully acquire Israel-based Emza Visual Sense Ltd., the company announced two weeks ago. The financial terms of the deal weren’t disclosed, and it is expected to close by the end of the second quarter of 2018.
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In April, Himax made a cash investment in Emza in exchange for a 45.1% stake.
With the acquisition of Emza, said Himax CEO Jordan Wu in a statement, “Himax will be positioned to offer significant value to our customers and to enter new markets beyond consumer electronics, such as connected homes, smart buildings and security, and extend our reach into new IoT markets with interest in other Himax products such as our 3D sensing solutions.”Himax reported $685.2 million in revenues for 2017, a 14.7% decrease from 2016. Its GAAP net income for the year was $28.0 million, 45.1% down from 2016.
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