ON Semi to buy Truesense for $92m
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Looking to boost its presence in the industrial end-market sector, ON Semiconductor has agreed to buy image sensor device maker Truesense Imaging for $92million.
Keith Jackson, ON Semiconductor's president and ceo, said: "With the acquisition of Truesense, we will augment our abilities to deliver a broad range of high performance image sensors to the industrial end-market and at the same time significantly expand our customer footprint.
"I am excited about the growth opportunities the combination of the two companies presents in the high performance imaging market."
Truesense's portfolio includes Interline Transfer (charge-coupled device) CCD, Full Frame CCD, Linear CCD, and CMOS image sensors, for sectors including machine vision, surveillance, traffic monitoring, medical imaging and photography.
The deal complements ON Semiconductor's custom and standard CMOS image sensor product portfolio, which also includes contact image sensor modules, ambient light sensors, proximity sensors and touch sensors.
The deal will give the Phoenix-based chipmaker more than 200 new customers and is expected to be immediately accretive to margins and earnings.
