# Sona BLW Precision Forgings to acquire majority stake in NOVELIC

Sona BLW Precision Forgings has agreed to acquire at least 54% of shares and voting rights in NOVELIC d.o.o., a Serbian provider of mmWave radar sensors and perception solutions, for EUR 40.5 million.

- Type: Acquisition
- Announced: 2023-01-09
- Where: Belgrade, Serbia, Serbia
- Value: $43.3M (40.5M EUR)
- Status: announced
- Products: mmWave radar sensors, perception solutions, full-stack embedded systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sona BLW Precision Forgings](https://endata.com/companies/10691.md) (acquirer)
- [NOVELIC](https://endata.com/companies/67745.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/sona-blw-precision-forgings-to-acquire-majority-stake-in-novelic-123010900992_1.html), 2023-01-09: "With NOVELIC's capabilities in sensors and perception solutions, Sona Comstar intends to grow in the area of autonomous and connected vehicle technologies."

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