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Infineon finalizes purchase of SensoNor

Munich. Semiconductor producer Infineon's acquisition of the automotive supplier SensoNor in Horten, Norway, has been finalized.

The company from Munich will buy the manufacturer of tire pressure and acceleration sensors for approximately 48 million euros. According to Reinhard Ploss, head of the automotive and industrial electronics department at Infineon, the chip producer will now become the world market leader in the tire-pressure-sensor sector. Ploss estimates the worldwide market for this type of sensor to be worth between 100 million euros and 200 million euros in the medium term.

Ploss believes that the USA market will be one of the faster growing. By the end of 2006 all new vehicles will have to be fitted with a tire-pressure control system. The system consists not only of sensors but of a micro controller and a transmitter. Infineon is planning to launch a component, which will integrate the single components into one element, within three years at the very latest.

Tags: Suppliers

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