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ams AG / ams divests NFC and RFID reader product lines to increasefocus on sensor solutions retaining sensing-related wireless activities

Published: July 29, 2016; 07:00 · (Vindobona)

ams (SIX: AMS), a leading worldwide manufacturer of high performance sensor and analog solutions, has signed an agreement to divest NFC and RFID reader IP, technologies and product lines to STMicroelectronics (NYSE: STM) for an up-front cash consideration of USD 79.3m (approx. EUR 71.5m) plus a substantial deferred earn-out consideration contingent on future results of up to USD 37 million.

ams AG / ams divests NFC and RFID reader product lines to increasefocus on sensor solutions retaining sensing-related wireless activities / Picture: © Vindobona

 

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The
issuer is solely responsible for the content of this announcement.

This article includes a total of 697 words.

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