Livingstone tags STMicroelectronics for Internet of Things Deal

Livingstone’s Industrial sector team has advised ams (SIX: AMS) on the sale of the IP, technologies and product lines of its NFC and RFID reader business to STMicroelectronics (NYSE: STM) for an up-front cash consideration of US$ 79.3m, plus up to US$ 37m contingent on future performance.

This transaction increases ams’ focus on its sensor solutions strategy, being the leading provider of sensor solutions worldwide.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 mainly based in Premstaetten, Austria, Ljubljana and Slovenia, which will be transferred to STMicroelectronics. ams will retain its NFC/RFID wireless tags business and related IP and has plans to create wireless sensor solutions for IoT applications combining NFC and RFID connectivity interfaces with its portfolio of sensors.

Alexander Everke, CEO of ams, commented: “Divesting certain RFID/NFC product lines streamlines our product and technology portfolio around our core sensor solutions competence while maximising the value of our high performance wireless IP. We are dedicated to actively managing our technology portfolio and focus on the most relevant opportunities driving our sensor solutions strategy forward. This transaction is a next strategic step on our way to make ams the world’s leading provider of sensor solutions for all major end markets.”

This is the third transaction Livingstone has completed with ams.

Dr. Ralf Nowak, Partner at Livingstone Düsseldorf, added: “We are delighted again to have had the opportunity to support our longstanding client, ams AG, acting in one of the most exciting fields within the technology industry.”

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