austriamicrosystems Acquires US-based Company

CompaniesTechnology ♦ Published: June 16, 2011; 10:40 ♦ (Vindobona)

The Styrian microelectronics and semiconductor manufacturer is going to buy 100% of the shares in an American light sensor supplier for $ 320m (€ 220m).

austriamicrosystems Acquires US-based Company / Picture: ©

austriamicrosystems AG has entered into an agreement with Texas Advanced Optoelectronic Solutions, Inc. (TAOS), headquartered in Plano, Texas (USA), to acquire 100% of the shares in TAOS. The transaction is expected to close within the next eight weeks subject to certain regulatory approvals.

TAOS is recognized as an innovator in light sensing technology and is a leading supplier…