The shareholders of TeraXion agreed to sell TeraXion to Indie Semiconductor for US$ 159 M.
The price of the transaction is comprised of US$80 million in cash plus a fixed number of eight million indie Class A common shares. The transaction has been approved by the boards of directors of both indie and TeraXion.
This acquisition accelerates indie’s vision of becoming a semiconductor and software level solutions provider for multiple sensor modalities spanning advanced driver-assistance systems (ADAS) and autonomous vehicles.
A Fasken team composed of Henrick Simard, Samuel Gosselin-Simard, Andrew House, Claude Jodoin, Marcia Mills, Shannon Kristjanson and Vincent Laforest Lapointe advised the founders of TeraXion.
Jurisdiction
- Canada
