CMOSIS Acquires AWAIBA, Maker of Image Sensors
CMOSIS, a leading independent supplier of advanced CMOS image sensors for industrial, scientific and professional markets, has acquired all outstanding shares of the Swiss AWAIBA Group. AWAIBA develops and markets innovative line-scan CMOS imagers for industrial web inspection, sub-mm CMOS camera modules for endoscopy, and on-board automotive cameras. The transaction was closed 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," Mr. De Mey continued.
"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.”
A report published by IC Insights in July of this year predicts image sensor markets exceeding $13.2 billion by 2017. CMOSIS and AWAIBA are focusing on the high-growth segments such as machine vision, production cameras, traffic enforcement, medical devices and prosumer products.
According to IC Insights these segments will account for about $3.3 billion in 2017. CMOS technology continues to gain market share over charge-coupled device (CCD) technology.