Autoliv Expands in Active Safety
STOCKHOLM, Sweden--September 13, 2011:
“We are combining two of the global leaders for best-in-class radar systems”
Acquisition strengthens position in automotive radar technologies
In response to the fast growing market for radar-based active safety systems, Autoliv Inc. , -- the worldwide leader in automotive safety systems -- today announced that it has signed an agreement to acquire a long-range radar technology which will supplement Autoliv's own short- and medium-range radar. The exclusive license and cooperation agreement is entered into with the German company ASTYX Communications and Sensors GmbH.
Autoliv is acquiring an exclusive license to ASTYX 77 GHz Digital Beamforming (DBF) Long Range Radar (LRR) technology (hardware and algorithms). This world-class technology will feature Full Speed Adaptive Cruise Control (SPACC) to automatically keep a safe distance between the driver's vehicle and vehicles ahead. It will also feature Emergency Braking (EB) used to autonomously brake a vehicle when an accident is imminent and Forward Collision Warning (FCW) to alert the driver in the event the vehicle is approaching another vehicle in a manner that could create an accident.
Autoliv's own 24GHz radar is primarily used for Blind Spot Detection (BSD), Rear Cross Traffic Alert (RCTA) and Collision Mitigation by Braking (CMbB).
Autoliv and ASTYX will exclusively cooperate to further develop, enhance and expand the functionalities of both companies' existing radar technologies for automotive and commercial truck applications.
"This is an important step towards offering a complete "radar suite" of technologies to meet the different frequency and customer specifications around the globe", commented Jan Carlson, President and CEO of Autoliv. "We are combining two of the global leaders for best-in-class radar systems" added Mr. Carlson.
"The ASTYX long-range radar compliments our strong position in short- and medium-range radar technology. The exclusive development cooperation will allow faster time-to-market for Autoliv's next generation radar technologies and ensures the allocation of adequate engineering resources" remarked Steve Rodİ, President Autoliv Electronics.
Astyx GmbH was founded 1997 as granted spin-off from DaimlerChrysler Aerospace AG (now EADS). The company is located in Ottobrunn, Germany a suburb of Munich. The company's expertise is in the high frequency range with products for the automotive industry (77 GHz radars for advanced driver assistance systems), the communication industry (linearizer for TWT amplifiers) and the automation industry (position sensors for pneumatic and hydraulic drives). The company has a subsidiary in Chicago for the US market. The registered capital of the company is 5.2 Mio.
Autoliv Inc., with its joint ventures, has 80 facilities with 46,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2010 grew to by 40% to nearly US $7.2 billion. The Company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb).