The sale is with immediate effect and is to, “increase focus on sensor solutions retaining sensing-related wireless activities,” while retaining certain wireless products and IP for next generation sensing.
The agreement cover NFC and RFID reader IP, technologies and product lines, in return for a cash amount of $79.3million/ €71.5million together with a “substantial” deferred earn-out consideration contingent on future results of up to $37million. ams will retain its sensor-related NFC/RFID tags business and relevant design capabilities to create wireless IoT sensor solutions and support upcoming sensor nodes.
The divestment comprises ams’ NFC assets, including NFC front-end and antenna boost solutions, and integrated HF/UHF RFID reader assets. The related design and marketing resources are mostly based in Premstaetten, Austria, and Ljubljana, Slovenia, and include around 50 employees who will be transferred to STMicroelectronics. ams will retain its NFC/RFID wireless tags business and related IP and plans to create wireless sensor solutions for IoT applications combining NFC and RFID connectivity interfaces with its portfolio of sensors.