|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.44 - 18.72|
|52 Week Range||9.10 - 48.22|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||15.78|
|Forward Dividend & Yield||0.76 (3.61%)|
|1y Target Est||N/A|
Austrian chipmaker AMS AG has agreed a joint venture for its environmental sensor business with private equity fund Wise Road Capital, effectively offloading the unit as part of its plan to focus on other business segments. Wise Road Capital will hold a "small majority" in the new entity, according to an AMS spokesman, while AMS shifts its focus to optical, image and audio sensors. The private equity fund buys into European and North American high-tech companies and helps them grow in China, according to its website.
AMS AG, which supplies Apple with sensors for its Face ID technology, said it will set up a joint venture with private equity fund Wise Road Capital to develop its environmental, flow and pressure sensors for the Chinese market. The Austrian company has suffered from slow demand for the latest iPhones in recent months and after a strategic review, decided to reduce its focus on environmental sensors, which detect temperature or moisture, and has moved staffed from that unit to other projects. AMS will transfer employees and sensor products to the joint venture that will be headquartered in the Netherlands, while Wise Road Capital will provide market knowledge and its customer relationships in China, AMS said.
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.