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Slide #11. ON Semiconductor — Truesense Imaging, Inc.
ON Semiconductor (ONNN)
Truesense Imaging, Inc.
ON Semiconductor (Nasdaq: ONNN), driving energy efficient innovations, today signed a definitive agreement to acquire Truesense Imaging, Inc., a provider of high-performance image sensor devices addressing a wide range of industrial end-markets including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. The acquisition of Truesense Imaging strongly complements ON Semiconductor's image-sensor business by vastly expanding its technology portfolio and adding more than 200 new customers. Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash to acquire Truesense Imaging, subject to customary adjustments at closing. The acquisition will be funded by available cash on ON Semiconductor's balance sheet.
ON Semiconductor provides a range of power and signal management, logic, discrete and custom devices. Co. Co. has three segments: Application Products Group, which designs and develops analog, mixed-signal and advanced logic Application Specific Integrated Circuits and Application Specific Standard Product solutions; Standard Products Group, which includes diodes and transistors, analog products, Light-Emitting Diode drivers, and Electrically Erasable Programmable Read-Only Memory; and System Solutions Group, which provides analog and mixed signal Integrated Circuits, microcontrollers, Digital Signal Processing, analog and digital tuners, power modules, memory and discrete semiconductors.
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Buy (3.14 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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