Secure payment on i-micronews Contact Yole Développement for I Micronews reports

RSS I-micronewsYole Dévelopement on TwitterYole Développement on Google +LinkedIn Yole pageSlideshare Yole Développement I-Micronews

MEMS & Sensors

Transaction expands ams’ value chain in optical sensor solutions for mobile 3D sensing and imaging, consumer augmented/virtual reality (AR/VR) and automotive applications. ams, a worldwide supplier of high performance sensor and analog solutions, has signed an agreement to acquire 100% of the shares in Princeton Optronics, a provider of Vertical Cavity Surface-Emitting Lasers (VCSELs), in an all-cash transaction.

Princeton Optronics develops and supplies high performance VCSELs which offer specific differentiation for mobile, consumer, automotive, and industrial applications. In the mobile and consumer markets, Princeton Optronics realizes benchmark power efficiency and accurate control of beam divergence to create application benefits. In automotive and industrial, Princeton Optronics’ technology enables high temperature operation and delivers high power pulsed lasers and laser arrays which support future automotive and industrial applications. The use of VCSELs is expected to gain momentum in optical sensor solutions for the Human Machine Interface (HMI). Broader adoption of 3D sensing in mobile applications could accelerate market growth for VCSEL light sources in the coming years.

AMS VCSEL Yole

 

Princeton Optronics operates an outsourced high volume supply chain with partners in Taiwan, the U.S., and the United Kingdom. Headquartered in Princeton, NJ (USA) with a total of 37 employees, Princeton Optronics has an annual revenue run-rate of around USD 10 million and is profitable. The transaction includes an upfront consideration of USD 53.3 million in cash and a substantial cash earn-out consideration related to realized 2017 and 2018 revenues, with a potential maximum earn-out value of USD 75 million. The transaction is expected to close within six months and is subject to certain approvals and the occurrence of certain conditions defined in the agreements with the sellers.

Alexander Everke, CEO of ams, commented on the transaction, “Adding the illumination source expands ams’ optical sensor solutions offering, with the light path optics covered by Heptagon and the light sensor including filters by ams. Leveraging this portfolio ams can now design and manufacture the most complete and differentiated optical solutions for future growth areas like mobile 3D sensing and imaging or automotive autonomous driving. Princeton Optronics is a strategic partner to ams/Heptagon for optical sensing products already so we see a range of potential future synergies from this exciting combination.

Source: www.ams.com  

 

 

Upcoming Events


> Sensors Expo & Conference
(June 27 - June 29, San José, USA)

> Leti Days
(June 28 - June 29, Grenoble, France)

> The promising future of sensors in the Internet of Things
(July 3 - July 4, Munich, Germany)