Magneti Marelli acquires a stake in the company and enters into a technical and commercial cooperation agreement
Detroit and Milan, September 7, 2017 /PRNewswire — Magneti Marelli has acquired a stake in LeddarTech Inc., a worldwide leader in solid state LiDAR (Light Detection And Ranging) sensing technology. Magneti Marelli and LeddarTech have also entered into a technical and commercial cooperation agreement to jointly develop complete LiDAR systems aimed at autonomous driving applications and destined for integration in automotive lighting products for OEMs worldwide.
About Magneti Marelli
Magneti Marelli designs and produces advanced systems and components for the automotive industry. With 86 production units, 14 R&D centres in 21 countries, approximately 43,000 employees and a turnover of 7.9 billion Euro in 2016, the group supplies all the major carmakers in Europe, North and South America and the Asia Pacific region. The business areas include Electronic Systems, Lighting, Powertrain, Suspension and Shock Absorbing Systems, Exhaust Systems, Aftermarket Parts & Services, Plastic Components and Modules, Motorsport. Magneti Marelli is part of FCA.