ams enters agreement to acquire private gas sensor specialist AppliedSensor
June 04 2014 - 2:56AM
Business Wire
A global leader in solid-state gas sensors, AppliedSensor
expands ams’ sensor solutions portfolio to support new volume
applications in industrial, automotive, and consumer
ams (SIX: AMS), a leading worldwide manufacturer of high
performance sensor and analog solutions, has entered into an
agreement to acquire 100% of the shares in AppliedSensor, a global
leader in solid-state chemical gas sensor solutions for high volume
markets, in an all-cash transaction.
Established in 2000, AppliedSensor designs, manufactures and
markets chemical gas sensors for appliance, automotive, building
automation, consumer and industrial applications. AppliedSensor
provides MEMS sensors for the detection of gases such as CO, NO2,
NH3, CH4, and volatile organic compounds (VOCs), as well as Field
Effect (FE) sensors for the selective detection of hydrogen. As an
important supplier of safety, energy efficiency and comfort
solutions for global mass markets, AppliedSensor is currently
developing a dedicated gas sensor solution together with a leading
German industrial OEM.
AppliedSensor’s corporate headquarters are located in
Reutlingen, Germany, and the group has approximately 25 employees.
AppliedSensor’s annual revenues reach the high single-digit million
EUR range and the company is profitable. Its largest shareholder is
Verdane Capital VI, a Nordic private equity fund, which first
invested in the company in 2008. The parties to the transaction,
which is expected to close within the next four weeks subject to
certain approvals and conditions, have agreed to keep the
consideration confidential. ams plans to fully integrate
AppliedSensor’s activities into its existing businesses following
the closing.
The addition of AppliedSensor’s MEMS gas sensor technology to
ams’ expertise in advanced sensor design underlines ams’ evolution
into a sensor solutions provider focused on industry-leading
innovation and best-in-class performance.
amsMoritz Gmeiner, Director Investor Relationsphone: +43 (0)
3136 500 31211investor@ams.com
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