PE-backed Freescale Semiconductor acquires CogniVue

Freescale Semiconductor Inc (NYSE: FSL) has purchased CogniVue Corp, an Ottawa-based developer of image cognition IP for automotive and consumer applications. No financial terms were disclosed. Freescale, a designer of embedded semiconductors, said the acquisition will solidify its position in the autonomous vehicles and advanced driver assistance systems market. U.S.-based Freescale was taken private in 2006. It remains a portfolio company of Blackstone Group, the Canada Pension Plan Investment Board (CPPIB), Carlyle Group, Permira Advisers and TPG. Earlier this year, it agreed to be bought by NXP Semiconductors NV.

DealsCanadaNorth AmericaBriefs