Luminar buys one of its chip suppliers to bolster self-driving car sensor

FILE PHOTO: Luminar Technologies, Inc. Chief Executive Austin Russell poses for a photo at the self-driving car sensor maker's facility in Palo Alto, California, U.S., February 2021. Diana Rothery/Handout via REUTERS .

(Reuters) - Luminar Technologies Inc, a maker of lidar sensors for self-driving cars, said on Monday that it has acquired a small chipmaker that makes a key part of its sensor.

Palo Alto, California-based Luminar said it has agreed to purchase Wilmington, Massachusetts-based OptoGration Inc, with the deal expected to close in the third quarter. Luminar did not disclose the terms of the deal but said it would not have material impact on Luminar's cash position or share count.