Argonas Corporate Finance advises Siemens and other Shareholders on the Sale of Symeo GmbH, a Company specialized in Innovative RADAR Technology for Industrial & Automotive Markets, to Analog Devi

BERLIN (ots) - Analog Devices, Inc. (Nasdaq: ADI) today announced
the acquisition of Symeo GmbH, a privately held company based in
Munich, Germany that specializes in RADAR hardware and software for
emerging autonomous automotive and industrial applications. Symeo's
innovative signal processing algorithms will enable ADI to offer
customers a RADAR platform with significant improvements in angular
accuracy and resolution.

"With this acquisition, ADI can now deliver more comprehensive and
compelling RADAR solutions to customers," said Chris Jacobs, Vice
President of the Autonomous Transportation and Safety Business Unit,
Analog Devices. "Combining ADI's industry-leading product portfolio
with Symeo's system and algorithm expertise will pave the way for
higher performance RADAR solutions, enabling more accurate sensing in
autonomous systems."

Symeo's unique RF and sensor technology enables real-time position
detection and distance measurement. The company's technology enables
system integrators and original equipment manufacturers (OEMs) to
offer high precision RADAR solutions in rough industrial
environments, and complements ADI's expanding portfolio of market
solutions in this space.

Symeo's industrial high precision RADAR technology was originally
developed within Siemens AG (XETRA: SIE) and subsequently spun-out as
an independent entity in 2005 by the Siemens Technology Accelerator
GmbH (STA).

"Symeo has become a technology leader in industrial RADAR
solutions - with the completion of this transaction, the combination
with the technology platform and broad market reach of ADI will
ensure further innovations not only in the industrial space but also
in the automotive and aerospace markets", said Dr. Rudolf Freytag,
CEO of the Siemens Technology Accelerator.

The Symeo team will join ADI's Autonomous Transportation and
Safety (ATS) business unit and continue to be based in Munich.

Argonas Corporate Finance acted as exclusive sell-side advisor to
Siemens and the other shareholders of Symeo.

About Analog Devices

Analog Devices (Nasdaq: ADI) designs and manufactures
semiconductor products and solutions. We enable our customers to
interpret the world around us by intelligently bridging the physical
and digital with unmatched technologies that sense, measure and
connect. Visit http://www.analog.com.

About Symeo

Symeo GmbH, based in Munich, Germany, specializes in developing
and manufacturing telemetry solutions with RF data transmission.
Visit: http://www.symeo.com.

About Siemens Technology Accelerator

Siemens Technology Accelerator is a wholly owned subsidiary of
Siemens AG and turns innovative Siemens technologies and commercial
opportunities beyond Siemens' strategic focus into successful
businesses. These businesses are founded as venture capital-financed
start-ups or created through sales and licensing deals with existing
companies. Visit: http://www.sta.siemens.com.

About Argonas Corporate Finance

Argonas Corporate Finance Advisors, headquartered in Berlin
(Germany), is a specialized, independent advisory firm that supports
particularly mid-market companies and their shareholders as well as
private equity firms and family offices on M&A and structured
financing transactions. The team combines complementary experience in
the areas M&A, financing and private equity which has been built up
over many years with various roles at leading banks, advisory firms
and investment firms. Visit: http://www.argonas.de.

Contact:
Christian Berkhoff
Managing Partner
+49 (0) 30-92271339
c.berkhoff@argonas.de

Original-Content von: Argonas Corporate Finance GmbH, übermittelt durch news aktuell