BusinessWire: ams, an Austrian maker of sensor and analog solutions, is to acquire 100% of the shares in CMOSIS in an all-cash transaction.
Founded in 2007, CMOSIS operates as a fabless image sensor 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. The transaction is expected to close within the next six weeks subject to 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.
Update: Knack.be reports that CMOSIS turnover this year is expected to be about 60m Euros, compared with 54.9m in 2014. The profit after tax in 2014 was 9.5m.
Bloovi.be reports that yesterday, CMOSIS won Deloitte-Belgium 2015 Technology Fast 50 Award for 615% annual turnover growth, possibly based on 2013 and 2014 data.