February 2nd, 2018

Japanese AKM acquires Gävleborg-based sensing technology company

Asahi Kasei Microdevices Corp. (AKM) has signed an agreement to acquire the shares of Senseair AB, a provider of air and gas sensing technology based in Delsbo, Gävleborg.

Business opportunities for CO2 sensors are expected to grow rapidly in the coming years. Through the acquisition, AKM will accelerate the development of its business by drawing on Senseaire’s 25-year track record of driving innovation in invisible optics (such as IR and UV).

AKM and Senseair signed a joint developed agreement in 2016 and have together developed sensors featuring ultra-low power consumption. Senseair is expected to launch such a next-generation sensor in the near future.

The acquisition will make it possible for the two companies to more deeply integrate their technological knowledge and market networks. AKM expects that this will enable an expansion of business activities in the market for air, gas, and alcohol sensors, where rapid growth is forecasted. 

AKM intend to invest in the development and production of sensors in Sweden. “AKM works long-term, like many Japanese companies, and it feels good that they want to continue to invest in Sweden, where we have unique knowledge of gas and air sensors,” says Hans Martin, founder of Senseair.

The AKM acquisition will be completed on April 4 this year, provided that the shareholders approve the offer and AKM can buy more than 90 percent of Senseair’s shares.

News sources (external websites).