Himax To Fully Acquire Emza Visual Sense - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX) announced it has decided to exercise its options to fully acquire Emza Visual Sense Ltd. The transaction is expected to close by the end of the second quarter, 2018. Emza is an Israeli company dedicated to the development of extremely efficient visual sensors that include proprietary machine-vision algorithms and specific architectures that enable always-on visual sensing capabilities, achieving orders of magnitude improvement in power consumption, price and form factor.

Himax made a strategic cash investment for 45.1% equity of Emza in April 2017, with one-year options to acquire the remaining 54.9% of Emza's equity and all outstanding stock options.

"With the full acquisition of Emza, Himax will be uniquely positioned for IoT solutions, which require tight integration of the critical skills and knowledge of Himax's CMOS technology and ASIC design with Emza's computer vision algorithms. Himax will be positioned to offer significant value to our customers and to enter new markets beyond consumer electronics, such as connected homes, smart buildings and security, and extend our reach into new IoT markets with interest in other Himax products such as our 3D sensing solutions," said Jordan Wu, CEO of Himax.