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Maintaining wireless sensing business while focusing on sensor solutions
ams (Korean subsidiary representative Lee Jong-deok) announced that it has concluded a contract with STMicroelectronics to sell NFC and RFID reader IP, technology and product line.
The sale price includes an initial cash payment of USD 79.3 million (approximately EUR 71.5 million), with potential earn-out payments of up to USD 37 million based on future performance milestones. Through this transaction, ams has taken another step forward as a leading provider of sensor solutions globally. ams will retain sensor-related NFC/RFID tag business and design technology to support the development of wireless IoT sensor solutions and next-generation sensor node support.
This contract was concluded as part of ams's ongoing efforts to actively manage its technology portfolio to realize its sensor solution strategy. The business divested comprises ams's NFC assets, which include NFC front-end and antenna boost solutions as well as integrated HF/UHF RFID reader assets. Related design and marketing resources are based in Premstaetten, Austria and Ljubljana, Slovenia, with approximately 50 employees transitioning to STMicroelectronics.

ams will maintain its NFC/RFID wireless tag business and related IP, and plans to develop wireless sensor solutions for IoT applications by combining its sensor products with NFC/RFID connectivity interfaces.
Since no separate legal approval is required, the transaction was completed as of July 29 (Austrian local time). ams plans to deconsolidate the business lines corresponding to this transaction effective August 1, 2016 onwards.
Alexander Everke, CEO of ams, stated, "By divesting certain RFID/NFC product lines, ams can streamline its product and technology portfolio to focus on core sensor solution competitiveness while maximizing the value of high-performance wireless IP. We will do our best to actively manage our technology portfolio and drive our sensor solution strategy by focusing on the most appropriate opportunities. This divestiture represents a strategic next step for ams to establish itself as a world-class sensor solution specialist in all major end markets."
ams (Korean subsidiary representative Lee Jong-deok) announced that it has concluded a contract with STMicroelectronics to sell NFC and RFID reader IP, technology and product line.
The sale price includes an initial cash payment of USD 79.3 million (approximately EUR 71.5 million), with potential earn-out payments of up to USD 37 million based on future performance milestones. Through this transaction, ams has taken another step forward as a leading provider of sensor solutions globally. ams will retain sensor-related NFC/RFID tag business and design technology to support the development of wireless IoT sensor solutions and next-generation sensor node support.
This contract was concluded as part of ams's ongoing efforts to actively manage its technology portfolio to realize its sensor solution strategy. The business divested comprises ams's NFC assets, which include NFC front-end and antenna boost solutions as well as integrated HF/UHF RFID reader assets. Related design and marketing resources are based in Premstaetten, Austria and Ljubljana, Slovenia, with approximately 50 employees transitioning to STMicroelectronics.
ams will maintain its NFC/RFID wireless tag business and related IP, and plans to develop wireless sensor solutions for IoT applications by combining its sensor products with NFC/RFID connectivity interfaces.
Since no separate legal approval is required, the transaction was completed as of July 29 (Austrian local time). ams plans to deconsolidate the business lines corresponding to this transaction effective August 1, 2016 onwards.
Alexander Everke, CEO of ams, stated, "By divesting certain RFID/NFC product lines, ams can streamline its product and technology portfolio to focus on core sensor solution competitiveness while maximizing the value of high-performance wireless IP. We will do our best to actively manage our technology portfolio and drive our sensor solution strategy by focusing on the most appropriate opportunities. This divestiture represents a strategic next step for ams to establish itself as a world-class sensor solution specialist in all major end markets."
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