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ams Closes Acquisition of Optical Packaging Specialist Heptagon.


25 January 2017 - Austrian sensor and analog solutions provider ams (SIX: AMS) has closed a transaction to acquire 100% of the shares in Singapore-based optical packaging specialist Heptagon Micro Optics in a cash and shares deal worth USD 570m, the company said.

ams announced on 24 October 2016 that the company had signed an agreement to acquire Heptagon, which offers high performance optical packaging and micro-optics.

Heptagon has offices in Switzerland, Singapore, Silicon Valley and China.

The upfront consideration for the transaction includes approximately USD 64m in cash, 5,450,586 ams shares from currently held treasury shares as well as 11,011,281 new shares from authorised capital. This totals at around USD 570m.

There will also be an earn-out worth up to an additional USD 285m, for a total potential purchase price of USD 919m.

Following the registration, the selling shareholders of Heptagon hold approximately 19.5% of the total registered share capital of ams. They are subject to a market standard, staggered lock-up obligation ending in 2Q18.

ams is in the design and manufacture of advanced sensor solutions and analog ICs.

The company's analog products drive applications requiring extreme precision, dynamic range, sensitivity, and ultra-low power consumption.

Products include sensor solutions, sensors, sensor interfaces and power management ICs for consumer, communications, industrial, medical, and automotive markets.

With headquarters in Austria, ams employs over 2,900 people globally and serves more than 8,000 customers worldwide.

Country: Singapore

Sector: Computer Hardware

Target: Heptagon Micro Optics

Buyer: ams


Deal size in USD: 570m

Type: Corporate Acquisition

Financing: Cash and Stock

Status: Closed

Buyer advisor: , ,


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Publication:M & A Navigator
Geographic Code:9SING
Date:Jan 25, 2017
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