LeddarTech has acquired the assets of signal processing and LiDAR technology provider Phantom Intelligence for an undisclosed sum.

Under the agreement, LeddarTech will acquire all the intellectual property and technology of Phantom Intelligence.

The latest transaction is said to be the second acquisition for LeddarTech over the last three months.

With the acquisition of Phantom Intelligence, the company will now have access to specific LiDAR designs, software, and associated customer and partner projects.

LeddarTech president and COO Frantz Saintellemy said: “The Phantom Intelligence acquisition further advances our strategy to aggregate and consolidate automotive sensing technologies, enabling LeddarTech to offer comprehensive solutions to our customers at lower costs.

“At LeddarTech we have, despite the Covid-19 pandemic, accelerated our drive towards serving multiple transportation and vehicle markets with end-to-end sensing solutions that provide our ADAS and AD customers a faster path to market at lower costs.”

This July, LeddarTech acquired VayaVision, an Israel-based sensor-fusion and perception technology company.

Saintellemy added: “The acquisitions of VayaVision and Phantom Intelligence, combined with our decade-long expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate our commitment to continuous innovation and service to our Tier 1-2, OEM, and autonomous mobility customers.”

Established in 2011, Phantom Intelligence has its expertise in signal processing and LiDAR technology, which has been designed to protect vulnerable road users and improve safety with advanced driver assistance systems (ADAS).

LeddarTech, which was founded in 2007, provides sensing solutions for autonomous vehicles and advanced driver assistance systems. It delivers a cost-effective and scalable LiDAR development solution to Tier 1-2 automotive system integrators.