Reutlingen, Eindhoven – September 22, 2022 — Bosch is increasing its group of specialists within the discipline of “System on chip” (SoC). SoC are particular semiconductors which can be more and more utilized in management models for the automotive trade. With the deliberate acquisition of Semiconductor Concepts to the Market (ItoM), headquartered in Eindhoven, the Netherlands, the expertise group goals to strengthen its growth experience for high-frequency processing SoC. Bosch and ItoM signed corresponding contracts on twenty second of September 2022. Bosch plans to accumulate ItoM and welcome the roughly 30 workers. Each growth websites in Eindhoven and Enschede are to be additional expanded.
Within the automotive sector, SoC is taken into account a key expertise for contemporary management models, similar to these utilized in driver help techniques. “We’re more than happy to welcome our new colleagues. The group suits completely into our growth space for built-in circuits and can strengthen the experience there within the space of high-frequency circuits,” says Jens Fabrowsky, Govt Vice President Automotive Electronics, Robert Bosch GmbH, with duty for the enterprise discipline Semiconductor Parts at Bosch.
Former Philips engineers, together with the present CEO Hurt van Rumpt, based ItoM in 1998. The corporate is specialised in high-frequency processing parts. “We’ve core experience on mixed-signal IC design and convey a powerful group to the desk. Bosch presents the perfect framework to develop. I’m satisfied that the merger will open up fully new views for our firm and our workers,” says Edwin Veldman, Managing Accomplice at ItoM.
The events have agreed to not disclose particulars of the transaction, similar to the acquisition value. The acquisition is topic to approval by the antitrust authorities.
Extra data: https://www.itom.nl/