October 22, 2017

Wolf Theiss handles AMS takeover of Singapore-based Heptagon

Home / Big Deals / Wolf Theiss handles AMS takeover of Singapore-based Heptagon

ams-imageAustria Microsystems AG (AMS) signed a contract for the acquisition of Singapore-based Heptagon Advanced Micro-Optics PTE. LTD (Heptagon). Sellers are primarily a number of renowned financial investors and the management and employees of Heptagon. It is expected that the closing of the transaction will be carried out in the next three months.

The purchase price for Heptagon corresponds to an amount of approximately $570 million (based on the purchase price), which may increase if necessary by an earnout by an amount of up to $285 million.
Payment of the basic purchase price is largely through shares of AMS and to a lesser extent in cash. For AMS it is around 5 million shares transferred to create around 11 million new shares from authorized capital, which will also be approved for trading on the stock exchange in Zurich. After completion of the transaction, the former owners of Heptagon will hold a stake of around 20 percent of AMS.
The Wolf Theiss advisory team was led by Michael Lind (Partner, Corporate/M & A) passed and included in particular Anja Greiner (Associate, IP/IT), Elisabeth Strobl (Senior Associate, Corporate law), Felix Breitwieser (Associate, Corporate and M&A), partner Matthias Unterrieder and Associate Julia Morscher (both Employment), Sandra Spitzer (Associate, Public law), partner Peter Oberlechner and Senior Associate Stefan Weishaupt (both Real Estate), Wolfram Schachinger (Consultant, Public Law), Markus Reinfeld (associate, Corporate) and Partner Kurt Retter (Public Law) and Niklas Schmidt (tax).

Lind: “The contractual implementation of the economic agreement was a particular challenge because of the innovative and complex transaction structure and the involvement of multiple jurisdictions. Many thanks to the professional cooperation with our partner offices in Switzerland and Singapore.”

Developed Heptagon Micro Optics Pte Ltd., manufactures and markets micro-optical systems for smart devices. the company offers LED systems for various OEM products, including Flash Lenses for smartphone cameras and flashlights for video apps that can also be used in low light conditions.The company also offers LED modules and sensor products such as miniaturized optical and opto-electronics sensors, which are used are used in the motion detection for games applications; requires further illustration optical systems for smartphone cameras and other camera applications such as mobile video conferencing and medical equipment, the tiny cameras. Established in 1993, it i is headquartered in Singapore.

Developed AMS manufactures high-performance analog semiconductors, providing innovative solutions to the needs of its customers. The products of AMS are for technical applications, which require high precision, sensitivity and extremely low power consumption. These include sensors and sensors interface, power management and wireless for customers in the consumer, industrial, medical and automotive industries. The company’s headquarters is located in Premstätten near Graz. Significant research and development facilities are located in Austria, Plano / Texas (USA) AMS is in more than 20 countries having AMS sales offices, a center of excellence for optical sensors in all major counties worldwide. With 2,100 employees the company maintains a global network of business partners, including partners DigiKey, Future Electronice and Mouser. AMS is listed on the Swiss Exchange (SIX).

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