Osram acquires 25.1 pct stake in venture-backed LeddarTech
Osram GmbH has acquired a strategic 25.1 percent interest in LeddarTech Inc, a Québec City-based provider of optical detection and ranging technology. The deal, valued in the "mid double-digit million euros," will form part of a larger financing expected to close shortly, LeddarTech CEO Charles Boulanger said. Germany's Osram, a lighting manufacturer, said its investment responds to increasing demand for LiDAR technology used in self-driving cars and other mobility applications. Founded in 2007, LeddarTech has raised funding from several sources. They include BDC Capital and GO Capital, which invested $7 million in the company in 2014.
28 July 2017•3 mins read
