On July 16, 2015, Autoliv, a manufacturer of automotive safety products , issued an official statement stating that it has reached a definitive agreement with MACOM Technology Solutions Holdings, Inc. to acquire the latter for US$100 million. Its automotive business. Otoliv said that it will invest USD 100 million to acquire MACOM's auto business, and the final transaction price will depend on the operating capital and other purchasing price adjustment practices. It is expected that the transaction will be completed in the third quarter and that it is still subject to the approval of regulatory authorities. As a supplier of high performance analog radio frequency, microwave, millimeter wave and photonic semiconductor products, MACOM previously considered to spin off its automotive solutions business. Currently, there are 25 employees in the department, who are mainly responsible for the design, development, and production of embedded GPS modules. It is estimated that this year's revenue will reach 90 million US dollars. The transaction will also include MACOM's radio frequency, antenna products (hardware and software) and other fields of technology or intellectual property. According to Jan Carlson, chairman, president and CEO of Autoliv, the transaction will help strengthen the company’s R&D capabilities in the active safety market and promote the development of autonomous driving technology. In 2014, Autolif’s global operating income climbed 5.0% year-on-year to US$9.24 billion; operating profit fell from US$760 million in 2013 to US$7.2 billion, a decrease of 5.1%; net profit fell from US$490 million in 2013 To 470 million US dollars, down 4.3% year-on-year.
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