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Velodyne Adds Nikon Corporation as a Strategic Investor

SAN JOSE, Calif.-Sunday 23 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Velodyne), the inventor and leader of the lidar sensor industry for autonomous vehicles (AV), today announced Nikon Corporation (Nikon) as a new strategic investor with an investment of $25M. The parties further announced they have begun discussions for a multifaceted business alliance. Nikon is one of the world's leading suppliers of products and solutions based on advanced opto-electronics and precision technologies.

Aiming to combine Nikon’s optical and precision technologies with Velodyne’s sensor technology, both companies have begun investigating a wide-ranging business relationship, including collaboration in technology development and manufacturing.

Velodyne believes the relationship will advance the timeline for manufacturing and mass production of lidar for the autonomous and ... Read more »

More than 70 Folk Activities for Audience from 15 Emirates and Governorates;

Riyadh, Saudi Arabia, -Thursday 27 December 2018 [ AETOS Wire ]

Tens of thousands of visitors have visited the National Festival of Heritage and Culture, the 33rd Edition of Janadria, organized by the Ministry of National Guard under the slogan ‘Faithfulness and Loyalty.’ The heritage village at the festival as well as the shows of the folk groups from various regions of Saudi Arabia and some of the Arabian Gulf countries are extremely popular and have become a milestone in the most beautiful elements of the tangible and intangible cultural heritage of the Kingdom of Saudi Arabia.

Janadria is the largest cultural festival in Saudi Arabia and the largest event of its kind in the world that is being held for 21 days during the period from 20th December 2018 to 9th January 2019 as part of efforts to intensify attention to the Saudi heritage and regional and internati ... Read more »

TOKYO-Thursday 27 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- NEC Corporation (NEC)(TOKYO:6701) today announced the acquisition of KMD Holding ApS, the holding company of KMD A/S (KMD), the largest Danish IT company. NEC is acquiring KMD for approximately 8 billion Danish Kroner (DKK) from Advent International, one of the world’s largest and most experienced private equity investors. The acquisition is expected to be completed by the end of February 2019.

NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. This acquisition will accelerate NEC’s global safety business, which it has positioned as a growth engine in its three-year medium-term management plan, the "Mid-term Management Plan 2020,” and is promoting a shift towards service businesses that utilize horizontally deployable platforms. NEC is also expanding its business domain through the utilization of its advanced bio ... Read more »