CMOSIS has acquired Swiss AWAIBA Group (including its Spain and Germany branches).
AWAIBA develops and markets innovative line-scan CMOS imagers for industrial web inspection, sub-mm-sized CMOS camera modules for endoscopy, and on-board automotive cameras. The transaction has been closed on August 4, 2014.
"The acquisition of AWAIBA is a natural fit for CMOSIS. It strengthens our presence in existing markets and expands our activities in adjacent segments with complementary image sensor products. It also strengthens our relationship with our existing customer base," stated Luc De Mey, CMOSIS Chairman and CEO. "The acquisition became possible after TA Associates stepped in as a strong financial partner of CMOSIS earlier this year. This enabled horizontal expansion and growth acceleration. AWAIBA is a profitable and well-established brand with an attractive and strongly growing client base. We are very excited to welcome their experienced team having an impressive track record of innovation and deep understanding of customer needs. This permits us to even better serve our customers as an independent and pure-play supplier of CMOS image sensors."
"AWAIBA and CMOSIS are joining forces. This allows AWAIBA to secure the financial, human and technological resources for the development of next-generation line-scan and sub-millimeter sized image sensors," commented Martin Waeny, AWAIBA founder and CEO. "The newly combined entity will take a much stronger position as a leading supplier of high-quality CMOS image sensors in the consolidating markets of advanced image sensors."