Apple supplier AMS plans acquisition bid for Germany’s Osram


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Apple supplier AMS plans acquisition bid for Germany’s Osram

Premstätten-based Austrian sensor supplier of Apple Inc., AMS AG, engaged in designing and manufacturing sensor solutions for applications, with more than 10,000 employees across the world, had told on Sunday, the 11th of August 2019, that, the company had been looking to make an all-cash acquisition bid for Munich-based German lighting group Osram proposing €38.5 per share, beating a €35 per share rival offer of UK-based private equity fund, Bain Capital and Carlyle Group.

Nonetheless, followed by the reveal of AMS AG’s announcement on Sunday (August 11th), neither Osram nor Bain and Carlyle commented over the subject matter. Further inside the bid, management board of the Swiss stock exchange listed AMS AG had ditched out a buyout proposal for Osram last month, however, keeping prospects of a possible deal alive by saying that the Austria-based sensor maker for Apple’s iPhone and iPad was approached by potential financial partners, who could have arranged the fund required for an all-cash buyout deal for German Osram.

Besides, followed by its Sunday’s (August 11th) statement, an official of AMS, the leading manufacturer of a swath of sensors including those which could execute facial recognition on smartphones, said, “The combination of AMS and Osram creates a global leader in sensor solutions and photonics with approximately 5 billion euros of revenue”.