ams Acquires CMOSIS, a Leading Supplier of High-End Area Scan and Miniature Medical CMOS Image Sensors
November 20 2015 - 3:13AM
Business Wire
Acquisition expands ams’ optical sensor portfolio and market
leadership with high-value solutions for machine vision, medical,
photographic and scientific imaging at expected 2015 revenues of
approx. EUR 60m
ams (SIX: AMS), a leading worldwide provider of high-performance
sensor and analog solutions, has entered into an agreement to
acquire 100% of the shares in CMOSIS, a leader in advanced area and
line scan CMOS image sensors for high-end imaging applications, in
an all-cash transaction.
CMOSIS, headquartered in Antwerp (Belgium), is a leading
supplier of high performance standard and customized area and line
scan CMOS image sensors for demanding imaging applications. CMOSIS’
portfolio of imaging solutions features low noise, global and
rolling shutter, high dynamic range, and high frame rates through
high-speed on-chip analog-to-digital conversion and digital
interfaces. CMOSIS’ image sensors serve a broad range of high-end
applications in diverse markets including machine vision, medical,
broadcast, traffic, scientific and photographic imaging. In
addition, CMOSIS offers the NanEye miniature camera module line for
endoscopy-like medical applications, recently winning the German
Innovation Award for Non-Clinical Intensive Care.
Founded in 2007, CMOSIS operates as a fabless semiconductor
supplier from locations in Belgium, Germany, Portugal, and the U.S.
and has more than 110 employees. CMOSIS expects to generate full
year 2015 revenues of approx. EUR 60m with strong operating
profitability above ams’ current group operating profitability.
Based on available information, CMOSIS expects to continue
year-on-year revenue growth in 2016.
Under the terms of the agreement, ams will acquire 100% of the
shares in CMOSIS from TA Associates, a leading global growth
private equity firm, and management shareholders for an equity
value of approx. EUR 220m. ams expects to fund the transaction
from existing cash and available credit lines with no additional
transaction-based financing. The transaction is expected to close
within the next six weeks subject to certain regulatory approvals
and the occurrence of certain conditions defined in the agreements
with the sellers of the CMOSIS shares.
“Acquiring CMOSIS is a highly complementary expansion of our
sensor portfolio and another major step in executing our sensor
solutions growth strategy. This transaction extends our market
leadership in optical sensors and will strengthen our position as
the leading pure-play sensor solutions provider for growth markets
including Industry 4.0, IoT (Internet of Things) and medical
diagnostics. Integrating cameras with advanced optical sensors will
drive new sensor solutions across vertical markets and accelerate
our growth plans as we combine CMOSIS’ leading edge IP and design
capabilities with our manufacturing competence and optical sensor
strengths”, emphasizes Kirk Laney, CEO of ams.
“CMOSIS has built a leading position in some of the most
challenging imaging applications based on our deep technology
expertise in CMOS area and line scan image sensors. Our team is at
the forefront of global shutter technology for high-end imaging
having up to more than 15 years of experience in this field. We are
excited to join ams creating a leader in advanced imaging
solutions. We will leverage ams’ technical and operational
expertise and profit from the global access to potential new
customers to realize our full growth potential”, adds Luc de Mey,
CEO of CMOSIS.
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version on businesswire.com: http://www.businesswire.com/news/home/20151120005199/en/
ams AGMoritz GmeinerSenior Director Investor RelationsT
+43 (0) 3136 500 31211investor@ams.com
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