Indie Semiconductor to acquire emotion3D for $20M in cash

Indie Semiconductor (INDI) announced it has signed a definitive agreement to acquire emotion3D, a Vienna, Austria-based specialist developer of advanced perception algorithms and software for in-cabin sensing, advanced driver assistance systems and automated driving. Indie will pay $20M in cash at closing, in addition to an aggregate of up to $10M performance based earnouts that will be payable if certain revenue targets are exceeded over a post-closing period ending in February 2027. The closing is subject to customary closing conditions, including regulatory clearance. It is expected to occur in the fourth quarter of 2025, and be immediately accretive.