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  6. Luminar Acquires Freedom Photonics

M&A Deal Summary

Luminar Acquires Freedom Photonics

On March 21, 2022, Luminar acquired electrical equipment company Freedom Photonics

Acquisition Highlights
  • This is Luminar’s 1st transaction in the Electrical Equipment sector.
  • This is Luminar’s 2nd transaction in the United States.
  • This is Luminar’s 1st transaction in California.

M&A Deal Summary
Date 2022-03-21
Target Freedom Photonics
Sector Electrical Equipment
Buyer(s) Luminar
Deal Type Add-on Acquisition

Target

Freedom Photonics

Santa Barbara, California, United States
Freedom Photonics is a manufacturer of unique and innovative photonic components, modules and subsystems. Freedom Photonics was founded in 2005 and is based in Santa Barbara, California.

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Buyer(S) 1

Buyer

Luminar

Orlando, Florida, United States
Category Company
Founded 2012
Sector Technology Hardware
Employees580
Revenue 75M USD (2024)
DESCRIPTION

Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar was founded in 2012 and is based in Orlando, Florida.

DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 OptoGration

Wilmington, Massachusetts, United States

OptoGration is a semiconductor chip designer and manufacturer. OptoGration develops, iterates, and perfects the specialized InGaAs photodetector technology that is required for 1550nm lidar.

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