# Sona BLW acquires majority stake in NOVELIC for EUR 40.5 million

Sona BLW Precision Forgings Ltd acquired a majority share in Serbian radar sensor company NOVELIC for EUR 40.5 million, including share acquisition and capital infusion. The deal closed on September 5, 2023.

- Type: Acquisition
- Announced: 2023-09-11
- Where: Belgrade, Serbia
- Status: completed
- Products: mmWave radar sensors, 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

- [wolftheiss.com](https://www.wolftheiss.com/insights/sona-blw-becomes-majority-shareholder-of-novelic-in-eur-40-5-million-transaction-with-legal-assistance-from-wolf-theiss/), 2023-09-11: "After lengthy and complex negotiations, it is always a pleasure seeing a deal go through."

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