M&A Deal Summary

InvenSense Acquires Movea SA

On July 7, 2014, InvenSense acquired semiconductors company Movea SA from GIMV for 81M USD

Acquisition Highlights
  • This is InvenSense’s 2nd transaction in the Semiconductors sector.
  • This is InvenSense’s 2nd largest (disclosed) transaction.
  • This is InvenSense’s 1st transaction in France.

M&A Deal Summary

Date 2014-07-07
Target Movea SA
Sector Semiconductors
Buyer(s) InvenSense
Sellers(s) GIMV
Deal Type Add-on Acquisition
Deal Value 81M USD

Target

Movea SA

Grenoble, France
Movea, which is headquartered in Grenoble (France), was set up in March 2007 as a spin-out from French research institute CEA-Léti. It develops and sells solutions for recording human movement. Movea’s products are mobile, wireless, and cost and energy saving. Movea’s motion-sensing modules are aimed both at the consumer market, with pointing devices and mobile telephony, and at the health care market, including revalidation and recording of physical activities. In 2007, Movea acquired the US company Gyration, which specializes in pointing devices for digital media.

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Buyer(S) 1

Buyer

InvenSense

San Jose, California, United States

Category Company
Founded 2003
Sector Semiconductors
Employees644
Revenue 418M USD (2016)
DESCRIPTION

InvenSense, Inc. is a provider of intelligent sensor system on chip (SoC) for Motion and Sound solutions found in Mobile, Wearables, Smart Home, Industrial, and Automotive products.


DEAL STATS #
Overall 2 of 3
Sector: Semiconductors M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: France M&A 1 of 1
Year: 2014 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-14 Analog Devices - MEMS Microphone Business Line

Massachusetts, United States

Analog Devices, Inc. - MEMS Microphone Business Line includes intellectual property, goodwill and certain tangible and intangible assets.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Trusted Positioning

Calgary, Alberta, Canada

Trusted Positioning, Inc. is a developer of software for consumer and industrial use cases to fusing data from inertial sensors.

Buy -

Seller(S) 1

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 51 of 111
Sector: Semiconductors M&A 1 of 2
Type: Add-on Acquisition M&A Deals 23 of 58
Country: France M&A 8 of 21
Year: 2014 M&A 5 of 9
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Ebuzzing

Paris, France

Ebuzzing provides companies with marketing solutions that allow them to promote their brands on social media, especially by the distribution of viral videos on social media (blogs, YouTube, Facebook, Twitter, etc.). Ebuzzing was founded in 2005 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 dcinex S.A.

Liege, Belgium

dcinex S.A. is a provider of end-to-end digital cinema solutions including equipment supply, financing (VPF, leasing), training, installation and 24/7 maintenance, as well as content processing and delivery.

Sell €26M