The latest Autotech M&A market report from Hampleton Partners, the international technology mergers and acquisitions advisor, reveals how two of the three largest autotech transactions during the second half of 2020 were led by “special purpose acquisition companies” (SPACs).
The largest acquisition in Autotech was by Gores Metropoulos’ acquisition of Luminar Technologies for USD3.4 billion in August 2020, after which it listed the company on the Nasdaq. Luminar Technologies provides advanced long-range, high resolution lidar and perception systems to enable safe autonomous transportation.
The third largest acquisition was by SPAC Thunder Bridge, which acquired “system-on-chip” manufacturer Ay Dee Kay, now known as Indie Semiconductor for USD1.5 billion. Indie Semiconductor’s integrated semiconductor and software solutions underpin new automotive applications.
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