Aptina Imaging Acquired by ON Semiconductor

Aptina Imaging Acquired by ON Semiconductor

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Phoenix, AZ—ON Semiconductor announced the completion of its acquisition of Aptina Imaging. Focused on digital visual imaging, Aptina Imaging is a leading imaging solutions company, providing CMOS image sensors and image processors.

The total consideration of approximately $400 million in cash for the acquisition of Aptina Imaging was funded by cash on the balance sheet and ON Semiconductor’s existing revolving line of credit.

“With a broad portfolio of products and industry-leading technological capabilities, ON Semiconductor is well positioned to provide the most competitive imaging solutions for a broad range of applications,” said Keith Jackson, president and CEO of ON Semiconductor. “The acquisition of Aptina Imaging is a step towards our stated strategic goal of expanding our presence in the automotive, industrial and smartphone end markets. I am pleased to welcome the employees of Aptina Imaging to ON Semiconductor, and I look forward to the opportunities that this transaction creates for our customers, investors and employees.”

ON Semiconductor expects to establish a new reporting segment, which will incorporate the financial results of the company’s consolidated sensor businesses, including the recent acquisitions of Aptina Imaging and Truesense Imaging (formerly Kodak Image Sensor Solutions), and ON Semiconductor’s existing optical, image and touch sensor businesses. The company expects to begin reporting financial results for the newly created segment from the third quarter of 2014.

Additionally, Taner Ozcelik was named senior vice president of the Aptina image sensor business and will report to Keith Jackson, president and CEO of ON Semiconductor. Ozcelik joins the company from Aptina, where he was leading the Automotive and Embedded business as senior vice president. Prior to Aptina, he directed product development at NVIDIA, where he held various executive positions. onsemi.com

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