Business Wire: ON Semiconductor announces the completion of its acquisition of Aptina Imaging. ON expects to establish a new reporting segment, which will incorporate the financial results of the company’s consolidated sensor businesses, including the recent acquisitions of Aptina Imaging and Truesense Imaging, and ON Semiconductor’s existing optical, image and touch sensor businesses. The company expects to begin reporting financial results for the newly created segment from Q3 2014.
Taner Ozcelik, has been named SVP of the Aptina image sensor business and will report to Keith Jackson, president and CEO of ON Semi. Before the acquisition, Taner Ozcelik used to be Aptina SVP responsible for the Automotive and Embedded business.
For the Q3 2014, the acquisition of Aptina will likely contribute revenue in the range of $60M to $70M. Excluding the costs related to restructuring, and other acquisition related items, the acquisition of Aptina is expected to be slightly accretive to the ON's non-GAAP net income in Q3 2014.
In its investor presentation, ON Semi shows financial targets for Aptina business: