# MicroVision to acquire insolvent Ibeo Automotive Systems

US-based MicroVision will acquire large parts of insolvent German automotive supplier Ibeo Automotive Systems GmbH, which employs over 400 people. The closing is expected in the first half of 2023, pending approval from the German Federal Ministry of Economics.

- Type: Acquisition
- Announced: 2022-12-08
- Where: Hamburg, Germany, Germany
- Jobs: 400
- Status: announced
- Products: LiDAR sensors, flash LiDAR sensors, object detection software
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MicroVision](https://endata.com/companies/23709.md) (acquirer)
- [Ibeo Automotive Systems GmbH](https://endata.com/companies/48977.md) (target)

## Sources

- [reimer-rae.de](https://www.reimer-rae.de/us-hightechunternehmen-microvision-uebernimmt-insolvente-ibeo-gmbh/), 2022-12-08: "Ich rechne mit einem Closing im ersten Halbjahr 2023."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.