Canada’s LeddarTech Acquired Israeli Automotive Company VayaVision Sensing Ltd

Information from CTECH article Below:

“Canadian company LeddarTech Inc. announced Tuesday it has acquired Israeli automotive company VayaVision Sensing Ltd. The financial terms of the agreement were not specified, but according to one person familiar with the matter who spoke to Calcalist on condition of anonymity, the sale price is estimated to be in the region of tens of millions of dollars.

VayaVision, which is now a subsidiary of LeddarTech, was founded in 2016 by Nehmadi Youval and Ronny Cohen and employs over 30 people in Israel, all of whom will retain their positions following the sale.”

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2020-07-17T14:08:38+00:00July 17th, 2020|Automotive, Innovation, Investment|0 Comments