Osram acquires 25.1% stake in LeddarTech

Global lighting manufacturer Osram has acquired a strategic 25.1 percent share in LeddarTech Inc., a Canadian company. LeddarTech develops a proprietary Light Detection And Ranging (LiDAR) technology integrated into semiconductors and sensor modules for self-driving cars and driver assistance systems. LeddarTech specializes in solid-state LiDAR systems that use infrared light to monitor the area around them, and its advanced optical sensing technology is highly complementary with Osram’s semiconductor products.

“Osram is already the world’s leading provider of sensor lights for autonomous vehicles and is experiencing steadily rising demand in this field. We see the investment in LeddarTech as a logical step on the way to becoming the leading provider of solutions in this area,” said Stefan Kampmann, Chief Technology Officer at Osram.

Osram’s investment in LeddarTech is a response to the growing demand for LiDAR technology – an essential component in self-driving vehicles and in many other mobility- related applications. LiDAR is similar to radar technology in that it detects objects and measures distances and speeds, but it is based on infrared light.

“We see a great natural fit between our two companies and are pleased to welcome Osram as a strategic investor. LeddarTech is on its way to becoming the reference in solid-state LiDARs for the automotive industry, and we believe our association with the market leader in automotive lighting represents an important milestone in that direction,” ,” said Charles Boulanger, LeddarTech’s CEO.

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