Movella files for Chapter 11 and sells Xsens and Kinduct businesses

Key points

• Movella commenced a voluntary Chapter 11 process and agreed to sell its Xsens and Kinduct businesses.
• The Xsens business covers motion-capture and inertial-sensing assets relevant to robotics, animation and human-motion analysis.
• The restructuring changed ownership of Movella's most robotics-relevant sensing and motion-analysis assets.