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EANS-Adhoc ams AG / ams and Wise Road Capital advance further development for environmental, flow and pressure sensors through creation of a joint venture

Nachrichtenagentur: news aktuell
18.03.2019, 01:25  |  104   |   |   
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ams sensing technology expertise combined with Wise Road Capital?s China market
access create a powerful combination

Joint Ventures/Cooperation/Collaboration
18.03.2019

Premstaetten - Premstaetten, Austria (18 March 2019) -- ams (SIX: AMS), a
leading worldwide supplier of high performance sensor solutions, and Wise Road
Capital, a global Private Equity firm focusing on the semiconductor industry and
other emerging high-tech industries, announce today that they have signed an
agreement to create a joint venture to advance the development and sales of
environmental, flow and pressure sensor solutions for the global market. Under
the agreement, employees, IP, sensor products and solutions and related
customers will transfer from ams to the joint venture, while Wise Road Capital
will provide its expert joint venture guidance, deep market knowledge and
strength in channel and customer relationships, especially in China.

ams will transfer its current environmental sensor solution portfolio covering
air quality, relative humidity and temperature sensing, which are used in
automotive, smart building and air quality monitoring infrastructure
applications. In addition, the ams ultrasound-based flow sensor solutions, where
ams holds a market leadership position in smart metering solutions for
utilities, will become part of the new company portfolio. To round out the
offering, the ams pressure sensor development will also become part of the
product portfolio. Wise Road Capital in turn will advise the new company,
opening up its extensive network and resources from well-known global industry
partners, covering Automotive, Telecommunication, Industrial Control and Home
Appliance companies. The new company, which will be headquartered in the
Netherlands, will be led by Stefan Raible who will serve as Managing Director.
Stefan is currently General Manager of the Environmental Sensors business at ams
and was the former CEO of Applied Sensors, which was acquired by ams in 2014.
The agreement encompasses an investment valuing the joint venture business at
approximately USD 120 million and is expected to conclude in fall 2019.

"This new JV will have a dedicated team focusing on further advancing and
developing ams' award winning environmental, flow and pressure sensor solutions
for which we see the largest market opportunity in China. The combination of ams
technology and Wise Road market strength create an excellent start for the new
company," said Chris Feige, Executive Vice President, EAS Divison, ams. "Stefan
Raible is an experienced leader who will be able to quickly transform the new
company from paper to operation."

"Wise Road Capital sees immense potential in marketing the excellent technology
and products developed by ams. We look forward to applying our expertise and
leveraging our relationships to make this a very successful joint venture. Not
only do we have resources and networks in China, but also our close ties with
leading technology companies and research institutes globally will make a
valuable contribution to the joint venture," said Mr. Michael Zhang, Managing
Partner, Wise Road Capital.

###

About ams
ams is a global leader in the design and manufacture of advanced sensor
solutions. Our mission is to shape the world with sensor solutions by providing
a seamless interface between humans and technology.
ams' high-performance sensor solutions drive applications requiring small form
factor, low power, highest sensitivity and multi-sensor integration. Products
include sensor solutions, sensor ICs, interfaces and related software for
consumer, communications, industrial, medical, and automotive markets.
With headquarters in Austria, ams employs around 9,000 people globally and
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