Qamcom Group, Gapwaves and Sensrad today announces that Gapwaves acquires a minority stake in Sensrad AB (“Sensrad”) from Qamcom Group AB (“Qamcom”). Through the investment, both Qamcom and Gapwaves moves to a new and stronger position in the value chain in the growing market of imaging radar sensors outside the traditional automotive market.
Sensrad is a spin-out venture from Qamcom Group’s Radar division and offers a unique 4D imaging radar sensor based on the latest software and hardware technology, including the leader radar chipset from Arbe. Sensrad is based in Gothenburg and currently has an equivalent of approximately 19 employees with highly relevant radar and signal processing experience. Sensrad has an established business and has already delivered prototype volumes of the Hugin 4D imaging radar to their customers in infrastructure, surveillance and mobility radar business.
By investing in Sensrad and strengthening its 4D imaging radar offering, Gapwaves will also gain better access to, and benefit from new market and product segments with high structural market growth. In addition, there are strong synergies with the already established antenna business.
Jonas Ehinger, CEO Gapwaves, says: “Gapwaves investment in Sensrad is an important step towards a new and stronger value chain position within the radar sensor market for advanced and autonomous urban mobility and smart city applications. This move follows Gapwaves long-term strategic plan and through the investment we will be able to include our products in Sensrads radar sensor offering and we expect to accelerate Gapwaves journey to become a technical powerhouse within antenna- and radar technology.”
Johan Lassing, CEO of Qamcom Group, says: “It feels great to have a strong and capable partner like Gapwaves as it enables the realization of the incredible potential of our new generation of radars. Gapwaves brings technical expertise in advanced antennas and front ends, while Sensrad has extensive experience in radar technology and signal processing, making it a perfect match. The timing of this partnership is ideal, given the growing demand for robust, reliable, and high-resolution sensing technology in a multitude of application fields.
By working together, we can build on Sensrads strong product positioning and deliver exceptional results.”
“We are thrilled to provide the radar chipset for Sensrad,” says Kobi Marenko, CEO at Arbe. “We believe that the radar systems designed by Sensrad will offer unparalleled performance, enabling true safety and autonomy across a variety of industry verticals. The potential for radars in infrastructure, surveillance and mobility verticals is enormous, and we are excited to join this journey along with our partners Qamcom and Gapwaves.”
Combining Gapwaves antenna technology with Sensrads radar products will allow Sensrad to bring a highly capable imaging radar sensor to the market. Sensrad has a sales subsidiary in China, which can also facilitate the reach for Gapwaves in the Chinese market with its antenna products.
Read more at Sensrad’s press release