Business
MicroVision Announces Agreement to Acquire Luminar Assets to Accelerate Commercial Strategy and Expand Product Portfolio
REDMOND, WASHINGTON / ACCESS Newswire / January 27, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in
About this update from Microvision, Inc.
[{"type":"text","content":"REDMOND, WASHINGTON / ACCESS Newswire / January 27, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that it had entered into an agreement to acquire certain assets from Luminar Technologies, Inc., including IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders.MicroVision was selected as the winning bidder at a competitive auction conducted by Luminar under Section 363 of the U.S. Bankruptcy Code with a cash purchase price of $33 million for certain assets, employees, and contracts associated with Luminar's lidar business.\"We are thrilled with this opportunity to strategically accelerate MicroVision's commercial objectives and to further progress the unique products developed by the Luminar team,\" said Glen DeVos, MicroVision's Chief Executive Officer. \"Having already proven our ability to identify strategic opportunities to advance our business priorities and effectively integrate unique assets and talent into the MicroVision family, we intend to very efficiently integrate the acquired business with an intense focus on streamlining operations and managing costs.\"\"It's no secret that the lidar market has been ripe for disruption and in need of further consolidation,\" continued DeVos. \"Building on our proven executive leadership in automotive, our history of developing and delivering products in defense, and now an even more expansive portfolio of technologically diverse lidar sensors and advanced perception solutions, we believe MicroVision is ready to upend the industry, enabling widespread commercial adoption and significantly increased safety.\"The closing of the acquisition is subject to customary conditions, including approval by the bankruptcy court. A hearing to seek court approval is scheduled for January 27, 2026 and the acquisition is expected to be completed on or shortly after February 2, 2026. The Company expects to provide additional information regarding the acquisition at its next regularly scheduled earnings call.About MicroVisionMicroVision is at the forefront of driving the global adoption of innovative perception solutions, with the goal of making mobility and autonomy safer. Our engineering excellence, based in Washing...