Mummert & Company Corporate Finance GmbH
Mummert & Company exclusively advises on the sale of IDS Group to ams AG
PRESS INFORMATION Munich, 24 October 2012 MUMMERT & COMPANY EXCLUSIVELY ADVISES ON THE SALE OF IDS GROUP TO AMS AG Mummert & Company, an international and independent corporate finance advisor based in Munich, exclusively advised IDS Group and its shareholders on the sale to listed ams AG (Unterpremstätten, Austria). The agreement was signed on 22 October 2012 and the transaction is expected to close within the next twelve weeks subject to certain approvals and conditions. The parties to the transaction have agreed to keep the consideration confidential.
IDS is a global design leader for highly-integrated low-power RFID IC solutions and IP for HF and UHF applications. The group comprises IDS d.o.o (Slovenia) and IDS IP Holding AG with its 100% subsidiary IDS Microchip AG (both Switzerland). The addition of IDS solidifies ams' strong R&D and IP position in the authentication and payment markets where the company offers the smallest form factors, the lowest power consumption and the highest sensitivity. In addition, IDS brings market leading sensory tag solutions to the business. The cool-LogTM sensors have taken a market leading position in smart label logistics tracking, and won the Electronic Products of the Year award in 2009.
'This deal is a perfect combination of two leading providers of mobile payment solutions and RFID applications, allowing both parties to make a leap forward in this exciting area. We are pleased to have assisted IDS and their shareholders in this transaction, which has layed the groundwork for an accelerated growth of the joined businesses in the future', explains Jan Cotta, Associate Partner at Mummert & Company.
Vanessa Künstler SHORT PROFILE MUMMERT & COMPANY CORPORATE FINANCE GMBH Mummert & Company is a leading corporate finance advisor, with particular expertise in the sectors High-Tech, Industrial Technologies, Life Sciences, Energy and Services. With offices in Munich, Vienna, London and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.
Detailed information about Mummert & Company is available at SHORT PROFILE IDS GROUP IDS is an innovative semiconductor company focusing on RFID and sensor solutions. The company has one of the broadest and most profound RFID semiconductor portfolios, which comprise readers and enhanced sensory tags for HF and UHF as well as NFC and microSD systems for mobile payment.
Detailed information about IDS is available at SHORT PROFILE AMS AG ams is a leading worldwide designer and manufacturer of high performance analog ICs for consumer & communications, industrial & medical, and automotive applications.
Detailed information about ams is available at End of Media Release Issuer: Mummert & Company Corporate Finance GmbH Key word(s): Computer/Telecommunication 24.10.2012 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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