checkAd

    EANS-Adhoc  594  0 Kommentare 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






    news aktuell
    0 Follower
    Autor folgen

    Verfasst von news aktuell
    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 …

    Schreibe Deinen Kommentar

    Disclaimer