ON Semiconductor Officially Acquires Truesense Imaging, Inc.
On April 3, ON Semiconductor signed an agreement to acquire Truesense Imaging, Inc. for approximately $92 million. Just less one month later on May 1, the deal became official with ON Semiconductor agreeing to pay approximately $95 million in cash off its balance sheet, $3 million more than initially reported. The acquisition strengthens ON Semiconductor’s product portfolio targeting industrial end markets such as machine vision, surveillance, and intelligent transportation systems by complementing their existing high-speed, high-resolution, power-efficient image sensing solutions with Truesense’s high-performance image sensors for low-light, low-noise.
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