AMS.SW - ams AG

Swiss - Swiss Delayed Price. Currency in CHF
45.50
+0.04 (+0.09%)
At close: 5:30PM CEST
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Previous Close43.48
Open43.80
Bid45.36 x 0
Ask45.45 x 0
Day's Range44.85 - 46.89
52 Week Range18.03 - 57.80
Volume1,068,140
Avg. Volume1,298,920
Market Cap3.736B
Beta (3Y Monthly)1.80
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateOct 22, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-06-12
1y Target Est44.06
  • Business Wire

    New ams Active Stereo Vision System Boosts 3D Adoption in Smart Phones, HABA and IoT

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions and a leader in all three forms of 3D sensing including Structured Light, Time of Flight and Active Stereo Vision (ASV) today introduces a new ASV technology product portfolio which enables manufacturers of consumer, computing and industrial products to implement face recognition and other 3D sensing applications more easily and at lower cost. Based on extensive 3D experience, ams has added Active Stereo Vision technology products to the portfolio to address additional and different 3D sensing applications as well as reach lower price points in the mobile segment. The first major smartphone OEMs are expected to launch products using ams ASV technology this fall.

  • Bloomberg

    Hedge Funds and Bad Tactics Kill $4.4 Billion Deal

    (Bloomberg Opinion) -- The heated auction between buyout firm Bain Capital and Austria’s AMS AG for the German LED-maker Osram Licht AG has ended in no deal. The prospect of a transaction being rekindled in the near term looks bleak — though not impossible over the longer run. It beggars belief that a tense round of bidding can culminate in no more than a tangled mess. But this is regrettably often the way with German M&A.AMS, which makes sensors and supplies Apple Inc., made a tactical error last week by raising its offer to 4 billion euros ($4.4 billion) from 3.7 billion euros to pre-empt a possible counter-bid from Bain and fellow private equity firm Advent International. It had already lowered the acceptance threshold (the level of shareholder support it would require before pushing ahead with the deal) to just 63% of Osram’s shares. Yet its sweetener sowed confusion. Retail shareholders didn’t tender to its supposed knockout offer in big enough numbers.Meanwhile, some of Osram’s hedge fund investors probably withheld their support, believing that they could squeeze more money later from AMS for their own shares — a gambit that has backfired for now.Osram shareholders currently have no deal at all and the path to a transaction is long and winding. By default, AMS can’t rebid quickly without the assent of both Osram and Germany’s financial regulators. It would have to demonstrate that any fresh offer would have a better chance of succeeding. That would mean sweetening again, either through the price or by cutting the acceptance hurdle one more time. AMS’s lenders may balk at either approach.The Austrian company’s only certain way of reviving the takeover is to build an Osram stake exceeding 30% by buying shares in the market. That would trigger a requirement to bid under German takeover laws. The snag is that AMS can’t amass that size of stake without securing certain antitrust approvals first.These dynamics should play into the hands of Bain and Advent, although they’ll have to counter the fact that AMS has already amassed a 20% stake in Osram. As such, a bid from the buyout firms would have to be at a level that forces AMS to sell. Implicitly that would be more than what it paid for its stake, assuming the Austrian group doesn’t simply need to raise cash at some point.Maybe Osram’s management will discover some new selling point that would persuade Bain and Advent to make a punchy proposal. But it would need to dig up some real gold. There’s no justification at present for the private equity firms going higher when they don’t bring the cost savings that you’d get from merging two industrial companies.Having blown the best part of 800 million euros on that blocking stake, AMS still looks best place to prevail in the end. But unless something changes, the end — and a final price — could be some way away.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Osram Takeover Battle Set for Next Round After AMS Bid Setback
    Bloomberg

    Osram Takeover Battle Set for Next Round After AMS Bid Setback

    (Bloomberg) -- The battle for control of Osram Licht AG is set to enter a new round after Austria’s AMS AG vowed to keep fighting after a sweetened 4 billion euro ($4.4 billion) offer failed.AMS, a supplier to Apple Inc., will seek a regulator nod to raise its 19.99% stake in Osram. As the biggest shareholder in the German lighting maker, AMS’s approval has become key for any would-be rival bidder. Osram has said private equity investors Bain Capital and Advent International are inspecting its books with a plan to make an offer.“We doubt private equity will launch a superior bid given AMS has built up a 19.99% stake in the meantime,” Commerzbank said in a note. “While we cannot rule out that AMS might make another push, timing is yet unclear, so we attach a greater likelihood to a potential cooperation only.”German takeover law doesn’t allow a new bid within one year unless the target gives its consent, as well as stipulating that an offer needs to be made if an investor crosses a 30% ownership threshold. AMS’s pursuit took a setback Friday, when it announced its offer failed to attract enough support from shareholders. Osram investors had tendered only 51.6% of their shares, short of a 62.5% threshold.Osram fell as much as 4.5% to 39 euros, the most in two months, while shares of AMS declined as much as 5.8%.AMS’s failed bid extends a period of protracted uncertainty for Osram, which emerged as a takeover target last year after warning trade friction and a cooling of the car industry had clouded the outlook for 2019. The former division of Siemens AG gets about half of its revenue from the automotive sector. Subsequent profit warnings further eroded investor confidence, sending shares tumbling until the takeover battle took hold.Osram confirmed talks with Bain and Carlyle, which was later replaced by Advent, in February after they were first reported by Bloomberg News. A bidding war broke out in July when AMS lobbed a higher offer. The Austrian company has drawn criticism from Osram unions and employee representatives on the board, as well as management due to concerns about promised synergies as well as the deal’s financing.Following the months-long takeover battle against private equity suitors, AMS said the combination remains compelling and pledged to continue to “explore strategic options” for a takeover. Bain and Advent are inspecting Osram’s books “with a view to submitting an offer,” Osram said in a separate statement.AMS, a supplier of facial recognition technology for Apple’s iPhone, has said it would invest in the company’s Regensburg, Germany site that makes high-tech chip components, but would sell the digital division that makes lighting controls, stage and theater lights.Century-old Osram, based in Munich, started out making light bulbs, pivoting in recent years under Chief Executive Officer Olaf Berlien to products like iris scanners and infrared emitters. The refocus was contentious, leading to a boardroom clash over strategy and a public spat with Siemens before the German engineering giant sold down its stake.To contact the reporter on this story: Oliver Sachgau in Munich at osachgau@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, Elisabeth Behrmann, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AMS Vows to Pursue Osram Takeover After $4.4 Billion Offer Fails
    Bloomberg

    AMS Vows to Pursue Osram Takeover After $4.4 Billion Offer Fails

    (Bloomberg) -- AMS AG vowed to keep pursuing the acquisition of German lighting specialist Osram Licht AG after its 4-billion euro ($4.4 billion) bid failed to garner enough support from shareholders.Osram investors tendered 51.6% of their shares, AMS said Friday in a statement, falling short of a 62.5% threshold set by the Austrian optical sensor maker for the deal to be successful.Following a months-long takeover battle against private equity suitors, AMS said the combination remains compelling and pledged to continue to “explore strategic options” for a takeover. The Apple Inc. supplier has emerged as the biggest shareholder in Osram, with a 19.99% direct holding.In a separate statement, Osram said Bain Capital and Advent International are inspecting its books “with a view to submitting an offer.”The defeat of AMS’s latest bid has extended a protracted period of uncertainty for Osram, already struggling with a market slowdown. AMS last week raised its offer to 41 euros a share from 38.50 euros, catching the rival private equity suitors off guard. The investor pair had been exploring a higher counteroffer after Bain had previously made a 35 euro-a-share offer with Carlyle Group.“Osram received an indicative offer for takeover by Advent and Bain Capital but as for now, no formal offer has been disclosed,” Morgan Stanley analyst Lucie Carrier said in a note. “We see risks that the Osram share will retreat toward its pre-M&A bids levels unless new announcements are made.”Osram emerged as a takeover target last year after warning trade friction and a cooling of the car industry had clouded the outlook for 2019. The former division of Siemens AG gets about half of its revenue from the automotive sector. Subsequent profit warnings further eroded investor confidence, sending shares tumbling until the takeover battle took hold.Osram confirmed talks with Bain and Carlyle in February after they were first reported by Bloomberg News. A bidding war broke out in July when AMS lobbed a higher offer. The Austrian company has drawn criticism from Osram unions and employee representatives on the board, as well as management due to concerns about promised synergies as well as the deal’s financing.AMS, a supplier of facial recognition technology for Apple’s iPhone, has said it would invest in the company’s Regensburg, Germany site that makes high-tech chip components, but would sell the digital division that makes lighting controls, stage and theater lights.“We intend to leverage our position as Osram’s largest shareholder in a dialog with Osram as we continue to pursue the full acquisition of the company,” AMS Chief Executive Officer Alexander Everke said in the statement, adding that the deal is intended to keep Europe “at the forefront of optical technology globally.”Century-old Osram, based in Munich, started out making light bulbs, pivoting in recent years under Chief Executive Officer Olaf Berlien to products like iris scanners and infrared emitters. The refocus was contentious, leading to a boardroom clash over strategy and a public spat with Siemens before the German engineering giant sold down its stake.(Adds analyst comment in sixth paragraph.)\--With assistance from Eyk Henning and Sarah Syed.To contact the reporters on this story: Oliver Sachgau in Munich at osachgau@bloomberg.net;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, Stefan NicolaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    ams Launches Extended Operating Range dToF Module Enabling Smartphones With Space-Saving Accurate Distance Measurement

    New TMF8801 enables laser detection auto-focus for a smartphone camera to zero in on the target with accurate distance measurement even when the cover glass is smudged or dirty.

  • Business Wire

    ams: Launch of World’s Smallest Digital IR Proximity Sensing Module Paves Way to Smaller, Lighter, Always-available Earbuds

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today launches the world’s smallest digital proximity sensor module. The ultra-small package of the TMD2635 occupies just 1mm3 of volume and enables audio manufacturers of True Wireless Stereo (TWS) earbud products to develop smaller, lighter industrial design earbuds. The IR proximity sensor enables wireless earbud in-and-out of ear detection to help extend battery life between chargings and can be used in tandem with another TMD2635 to enable elementary touchless gesture control without the need for buttons.

  • Business Wire

    ams’ TMF8701 True Direct Time-of-Flight (ToF) Sensor Wins “Best of Sensors Innovation” and the Company Scores “Best Engineering Team” at Sensors Expo 2019

    ams , a leading worldwide supplier of high performance sensor solutions, announced it was awarded two highly coveted awards at Sensors Expo: the Best of Sensors Expo Innovation Award for its TMF8701 true direct time-of-flight sensor system and the Design & Engineering Team of the Year.

  • Business Wire

    New ams/MEGVII Partnership for Plug-and-play solutions Enabling 3D Face Recognition in Any Smart Device

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, and artificial intelligence pioneer MEGVII today announce they have signed a partnership agreement to jointly develop and promote complete, plug-and-play 3D face recognition solutions for any type of smart consumer or commercial device. Under the new memorandum of understanding, the two companies expect to offer the world’s first off-the-shelf face recognition system for smart home, smart retail, smart building and smart security applications, completely independent of the user’s mobile phone. Mobile phone users have rapidly adopted face recognition as their preferred means of user authentication, especially for security reasons.

  • Business Wire

    Launch of module accelerates development of ultrasonic water meters

    New ultrasonic water flow measurement module from China’s iESLab incorporates ams TDC-GP30 sensor chip to provide high accuracy, low power consumption and long operating lifetime

  • Business Wire

    ams Audio Technology Achieves Breakthrough in Listening Experience for Wearers of Loose-fit Wireless Earbuds

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today unveiled sophisticated, first-to-market, new digital noise cancellation technology that will transform the experience of hearing music, having voice calls – and even the world around us – when wearing new, more comfortable true wireless earbuds. The new audio technology underpins ams’ leading position in the earbud market, which is set to enjoy compound annual growth of 27% in the years to 20231, by which time wireless earbuds are expected to overtake all other wireless and wired product categories to become the most popular type of headphone worldwide. The new audio technology is a proof point of why ams holds a leading position as a wireless earbud system solution provider.

  • Business Wire

    ams to Light up Sensors Expo 2019 with Innovative Demonstrations of New Optical Sensor Technologies

    Industry-first use cases in automotive, medical, consumer and industrial applications

  • Business Wire

    ams Invites Austrian Homeless World Cup Players to Improve Their Life and Work Opportunities

    As part of its sponsorship of the teams, via Caritas Styria, the visit to ams headquarters included a factory tour and a program of personal development and fun activities designed to help improve the future life and work opportunities of the players. Each of the 16 players – ladies team average age of 19, men’s team average age of 25 – have personally experienced homelessness or social exclusion. In the evening, the group jointly attended the European Football Championship Qualifier match between Austria and Slovenia, where the players received the official send off to the Homeless World Cup from Dr. Leo Windtner, the President of the Austrian Football Federation.

  • Business Wire

    ams, Ibeo and ZF Partner to Deliver Industry-First Solid-State LiDAR Systems for the Automotive Industry

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, announces today that it has signed an agreement to team with Ibeo Automotive Systems GmbH, the German specialist for automotive LiDAR sensor technology, and ZF Friedrichshafen AG, one of the leading technology companies for mobility worldwide to advance solid-state LiDAR technology for use in autonomous driving and other applications. The three companies will partner on joint R&D efforts to ensure that this exciting technology can be quickly and safely adopted by 2021.

  • Business Wire

    ams and Wise Road Capital Advance Further Development for Environmental, Flow and Pressure Sensors Through Creation of a Joint Venture

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, and Wise Road Capital, a global Private Equity firm focusing on the semiconductor industry and other emerging high-tech industries, announce today that they have signed an agreement to create a joint venture to advance the development and sales of environmental, flow and pressure sensor solutions for the global market. Under the agreement, employees, IP, sensor products and solutions and related customers will transfer from ams to the joint venture, while Wise Road Capital will provide its expert joint venture guidance, deep market knowledge and strength in channel and customer relationships, especially in China.

  • Business Wire

    New Smart Health Sensor From ams Brings Medical-Grade1 Cardiovascular Monitoring Capability to Mobile Consumer Devices

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today introduces the AS7026, an optical sensor for continuous cardiovascular health monitoring which performs blood pressure measurement to medical-grade1 accuracy. When included in the ams VivaVita™ accessory design, this provides a turnkey solution for customers that need a fast time-to-market and is supplied with a feature-rich mobile app for both the iOS and Android™ mobile operating systems.

  • Business Wire

    New ams Light Sensor with 50/60Hz Flicker Detect Helps Mobile Phones Take Great Photos Every Time

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today introduces a new color (RGB), proximity and flicker detection sensor, the TCS3707, which enables a mobile phone camera to take clean, unblemished photographs in artificial lighting scenes. When equipped with a TCS3707, a mobile phone’s camera may be used in any conditions, including under artificial light sources such as fluorescent lights or street lamps, without suffering from banding or other image artefacts generated by the invisible flickering of AC powered lighting. “A mobile phone’s camera has huge value to the consumer – for most, it has become their primary photography device, replacing the stand-alone digital still camera.

  • Business Wire

    ams Unveils Slim IR Laser Flood Illuminator Optimized for 3D Optical Sensing in Mobile Devices

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today announced the launch of MERANO-Photodiode (PD), an infrared (IR) laser flood illuminator module which provides the uniform light output needed in mobile 3D sensing applications such as user face recognition. Applications such as face recognition, augmented reality, 3D object scanning and 3D image rendering, as well as other industrial and automotive applications, will benefit from use of the Merano-PD.

  • Business Wire

    ams Showcases How Sensor Solutions Enable “Intelligent Connectivity” at MWC 2019

    Multiple world-first sensor innovations meet next-gen consumer demands

  • PR Newswire

    Kreos Capital Has Launched EUR 700 Million (USD 800 Million) Kreos Capital VI

    In sync with celebrating Kreos Capital's 20-year anniversary, Kreos has launched its latest, and to date largest growth debt fund, EUR 700 million (USD 800 million) Kreos Capital VI, reinforcing its commitment to the European and Israeli growth ecosystem. Kreos VI has been oversubscribed, reflecting Kreos's successful 20-year track-record and strong market position, experienced and stable organization, and continuous evolution of its growth debt model to support high-growth companies and their equity investors with tailored and non-dilutive financing solutions. Kreos VI has already started to deploy capital in January 2019 and Kreos expects to commit some EUR 250-300 million per annum over the coming years.

  • Investing.com

    MarketPulse Europe: Chipmakers Surge After STMicroelectronics Beats on Earnings

    Investing.com - European chipmakers were among the strongest performers in midday trade on Thursday, as upbeat fourth-quarter earnings from STMicroelectronics (PA:STM) boosted the sector.

  • Business Wire

    New Multi-Channel Spectral Sensor from ams Set to Transform the Market for Mobile Color & Light Measurement

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today launched a miniature spectral sensor chip that brings laboratory-grade multi-channel color analysis capability to portable and mobile devices. In end products such as mobile phones or accessories, the new AS7341 from ams produces more precise spectral measurements in a wider range of lighting conditions than competing sensors. The new sensor’s small dimensions also mean that it is easier to accommodate it in mobile phones and other portable devices.

  • Business Wire

    ams introduces world’s smallest 1D time-of-flight sensor for accurate proximity sensing and distance measurement in smartphones

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, introduces the world’s smallest integrated 1D time-of-flight distance measurement and proximity sensing module. The sensor is ideal for implementing presence detection, for example to trigger the operation of a facial recognition system when the user’s face is in range. Supplied in a 2.2mm x 3.6mm x 1.0mm package, the new TMF8701 sensor fits in a narrow bezel, helping smartphone manufacturers to realize widescreen phone designs that have a high display screen to body ratio.

  • Business Wire

    ams Launches Optical Sensor Which Measures Ambient Light from behind a Smartphone’s OLED Screen

    ams (AMS.VX), a leading worldwide supplier of high performance sensor solutions, today announced the release of the TCS3701, an RGB light and IR proximity sensor IC which can accurately measure the intensity of ambient light from behind an OLED screen. This capability supports today’s industrial design trend to maximize smartphone display area by eliminating front-facing bezels, where an ambient light/proximity sensor is typically located. Despite the constraint of operating behind an emissive OLED display screen, the TCS3701 senses the addition of the ambient light passing through the display to light emitted by the display’s pixels located just above the sensor.