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Bids, Mergers and Takeovers

ARM Acquires Apical

18 May 2016 07:52

ARM has acquired Apical, a global leader in imaging and embedded computer vision technology that will allow next generation devices to understand and act intelligently on information from their environment.

Apical is one of the UK's fastest-growing technology companies and its advanced imaging products are used in more than 1.5 billion smartphones and approximately 300 million other consumer/industrial devices including IP cameras, digital stills cameras and tablets.

The acquisition, closed for a cash consideration of $350 million, supports ARM's long term growth strategy by enabling new imaging products for next generation vehicles, security systems, robotics, mobile and any consumer, smart building, industrial or retail application where intelligent image processing is needed.

Story provided by StockMarketWire.com

Related Company: ARM

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