Automotive safety systems company Autoliv, Inc. has completed its purchase of the automotive business of M/A-COM Technology Solutions Holdings, Inc.
The acquisition is roughly US$100 million in cash, plus up to an additional $30 million in cash based on achievement of revenue-based earn-out targets through 2019. In addition, MACOM has agreed to perform consulting services for Autoliv over a 2-year period for up to $15 million in fees.
Autoliv expects to have this acquisition fully integrated in Autoliv facilities in Lowell, MA before the end of 2015 and plans to disclose more details on the technology and business in connection with the upcoming Capital Markets Day on October 1-2, 2015.