Osram Considers AMS’ Takeover Offer for EUR 4.3 BN
Osram has confirmed the takeover plan by Austrian sensor maker AMS, earlier this week. The company has chosen the offer against the bidding from Bain Capital and Carlyle Group with a cash offer valuing at approx. 4.3 billion euros ($4.8 billion).
AMS aims to combine its expertise with Osram’s strengths in the automotive industry to create a “global leader in sensor solutions and photonics.” With the possible transaction, AMS expects to include Osram’s technologies of infrared LED, automotive Micro LED displays for developing innovative applications such as 3D sensing, assisted and autonomous driving, automotive human-machine interface, automotive digital lighting, consumer AR/VR and personal healthcare.
Osram called AMS’s financing plan “binding and viable”. It added that a stable environment for its high-tech transformation was important, as well as the protection of company employees.
“The transaction is strategically compelling as it creates the global leader in sensor solutions and photonics for the consumer as well as automotive, industrial and medical applications,” said AMS Chief Executive Alexander Everke.
“Together we will command the broadest portfolio of optical sensing and photonics in the industry,” he added.
Osram further noted that the successful conclusion of the negotiations is a prerequisite for the waiving of the existing standstill agreement between Osram and AMS. AMS plans to launch the offer by August 15, 2019, with the offer period commencing prior to September 5, 2019.
