AppliedSensor was founded in 2000 and designs, manufactures and markets chemical gas sensors for appliance, automotive, building automation, consumer and industrial applications. AppliedSensor provides MEMS sensors for the detection of gases such as CO, NO2, NH3, CH4, and volatile organic compounds, as well as field effect sensors for the selective detection of hydrogen.
AMS said the acquisition would expand its sensor portfolio to support applications in the industrial, automotive and consumer sectors. AppliedSensor is currently developing a dedicated gas sensor in collaboration with a leading German industrial OEM.
AppliedSensor is based at the same address as Bosch Sensortec GmbH at Gerhard-Kindler-Strasse 8, 72770 Reutlingen, Germany. The company has approximately 25 employees and is profitable with annual revenues in the high single-digit millions of euros range. Its largest shareholder is Verdane Capital VI, a Nordic private equity fund that first invested in the company in 2008.
The deal is expected to close within four weeks. AMS plans to integrate AppliedSensor's activities into its existing businesses following the closing.
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