EANS-Adhoc
ams AG / ams divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities
--------------------------------------------------------------------------------
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Strategic management decisions
29.07.2016
Executing its sensor solutions strategy, ams divests NFC and RFID
reader wireless product lines to STMicroelectronics while retaining
certain wireless products and IP for next generation sensing
Premstaetten, Austria (29 July 2016) - ams (SIX: AMS), a leading
worldwide manufacturer of high performance sensor and analog
solutions, has signed an agreement to divest NFC and RFID reader IP,
technologies and product lines to STMicroelectronics (NYSE: STM) for
an up-front cash consideration of USD 79.3m (approx. EUR 71.5m) plus
a substantial deferred earn-out consideration contingent on future
results of up to USD 37 million. With this transaction, ams takes
another significant step on its path to being the leading provider of
sensor solutions worldwide. ams will retain its sensor-related
NFC/RFID tags business and relevant design capabilities to create
wireless IoT sensor solutions and support upcoming sensor nodes.
The transaction is part of ams' ongoing efforts to actively manage
its portfolio of technologies with a clear focus on implementing its
sensor solutions strategy. The divestment comprises ams' NFC assets,
including NFC front-end and antenna boost solutions, and integrated
HF/UHF RFID reader assets. The related design and marketing resources
are mostly based in Premstaetten, Austria, and Ljubljana, Slovenia,
and include around 50 employees which will be transferred to
STMicroelectronics. ams will retain its NFC/RFID wireless tags
business and related IP and plans to create wireless sensor solutions
for IoT applications combining NFC and RFID connectivity interfaces
with its portfolio of sensors.
The transaction is expected to close today as no regulatory approvals
are needed. ams expects to deconsolidate the business lines covered
by the transaction from 1 August 2016 onwards.
Alexander Everke, CEO of ams, commented on the transaction,
"Divesting certain RFID/NFC product lines streamlines our product and
technology portfolio around our core sensor solutions competence
while maximizing the value of our high performance wireless IP. We
are dedicated to actively managing our technology portfolio and focus
on the most relevant opportunities driving our sensor solutions
strategy forward. This transaction is a next strategic step on our
way to make ams the world's leading provider of sensor solutions for
all major end markets."
###
about ams
ams is a global leader in the design and manufacture of advanced
sensor solutions and analog ICs. Our mission is to shape the world
with sensor solutions by providing a seamless interface between
humans and technology.
ams' high-performance analog products drive applications requiring
extreme precision, dynamic range, sensitivity, and ultra-low power
consumption. Products include sensors, sensor interfaces, power
management, and wireless ICs for consumer, communications,
industrial, medical, and automotive markets.
With headquarters in Austria, ams employs over 2,100 people globally
and serves more than 8,000 customers worldwide. ams is listed on the
SIX Swiss stock exchange (ticker symbol: AMS). More information about
ams can be found at www.ams.com
Further inquiry note:
Moritz M. Gmeiner
Senior Director Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
sector: Technology
ISIN: AT0000A18XM4
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Strategic management decisions
29.07.2016
Executing its sensor solutions strategy, ams divests NFC and RFID
reader wireless product lines to STMicroelectronics while retaining
certain wireless products and IP for next generation sensing
Premstaetten, Austria (29 July 2016) - ams (SIX: AMS), a leading
worldwide manufacturer of high performance sensor and analog
solutions, has signed an agreement to divest NFC and RFID reader IP,
technologies and product lines to STMicroelectronics (NYSE: STM) for
an up-front cash consideration of USD 79.3m (approx. EUR 71.5m) plus
a substantial deferred earn-out consideration contingent on future
results of up to USD 37 million. With this transaction, ams takes
another significant step on its path to being the leading provider of
sensor solutions worldwide. ams will retain its sensor-related
NFC/RFID tags business and relevant design capabilities to create
wireless IoT sensor solutions and support upcoming sensor nodes.
The transaction is part of ams' ongoing efforts to actively manage
its portfolio of technologies with a clear focus on implementing its
sensor solutions strategy. The divestment comprises ams' NFC assets,
including NFC front-end and antenna boost solutions, and integrated
HF/UHF RFID reader assets. The related design and marketing resources
are mostly based in Premstaetten, Austria, and Ljubljana, Slovenia,
and include around 50 employees which will be transferred to
STMicroelectronics. ams will retain its NFC/RFID wireless tags
business and related IP and plans to create wireless sensor solutions
for IoT applications combining NFC and RFID connectivity interfaces
with its portfolio of sensors.
The transaction is expected to close today as no regulatory approvals
are needed. ams expects to deconsolidate the business lines covered
by the transaction from 1 August 2016 onwards.
Alexander Everke, CEO of ams, commented on the transaction,
"Divesting certain RFID/NFC product lines streamlines our product and
technology portfolio around our core sensor solutions competence
while maximizing the value of our high performance wireless IP. We
are dedicated to actively managing our technology portfolio and focus
on the most relevant opportunities driving our sensor solutions
strategy forward. This transaction is a next strategic step on our
way to make ams the world's leading provider of sensor solutions for
all major end markets."
###
about ams
ams is a global leader in the design and manufacture of advanced
sensor solutions and analog ICs. Our mission is to shape the world
with sensor solutions by providing a seamless interface between
humans and technology.
ams' high-performance analog products drive applications requiring
extreme precision, dynamic range, sensitivity, and ultra-low power
consumption. Products include sensors, sensor interfaces, power
management, and wireless ICs for consumer, communications,
industrial, medical, and automotive markets.
With headquarters in Austria, ams employs over 2,100 people globally
and serves more than 8,000 customers worldwide. ams is listed on the
SIX Swiss stock exchange (ticker symbol: AMS). More information about
ams can be found at www.ams.com
Further inquiry note:
Moritz M. Gmeiner
Senior Director Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
sector: Technology
ISIN: AT0000A18XM4
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English
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