Brief: Tobii To Acquire AutoSense Business From Xperi Inc. For A Minimum Consideration Of USD 45 Million

Tobii AB

12/12/2023 23:20

Dec 12 (Reuters) - Tobii AB  TOBII.ST :
    * TOBII ACQUIRES AUTOSENSE FROM XPERI ACCELERATING PATH TO
LEADERSHIP IN AUTOMOTIVE INTERIOR SENSING WITH EXPECTED REVENUES
OF MSEK 500 IN 2028 AND PLANS A MSEK 300 RIGHTS ISSUE
    * TO ACQUIRE AUTOSENSE BUSINESS FROM XPERI INC. (
"TRANSACTION")
FOR A MINIMUM CONSIDERATION OF USD 45 MILLION
    * TOBII GROUP EXPECTS A SUBSTANTIAL EBIT IMPROVEMENT IN 2024
AND
INTENDS TO PRESENT NEW TARGETS FOR GROUP DURING Q1 2024.
    * AUTOSENSE SEGMENT IS EXPECTED TO GENERATE AROUND SEK 500
MILLION
IN REVENUE BY 2028 AND REACH CASH FLOW BREAK-EVEN IN 2026
    * TOBII-TO FINANCE OPERATIONAL EXPENSES NEEDED FOR AUTOSENSE
SEGMENT IN 2024, 2025, INTENDS TO RAISE SEK 300 MILLION THROUGH
A RIGHTS ISSUE DURING Q1 2024

Source text for Eikon:  ID:nWkr24ZMLy 
Further company coverage:  TOBII.ST 

 ((Reuters.Briefs@thomsonreuters.com;))