TAOS, Inc. Announces Completion of Strategic Transaction to Join Forces with austriamicrosystems for 100% of TAOS Shares

22nd August 2011
Source: TAOS
Posted By : ES Admin
Combined Company Leverages Complementary Analog/Mixed-Signal Design Expertise and Sensor Technology IP to Develop Future Generations of Advanced, Intelligent Sensor Platforms
Texas Advanced Optoelectronic Solutions(R) Inc., has announced the completion of the strategic transaction to combine the company with austriamicrosystems AG for 100% of TAOS shares. AMS is headquartered in Unterpremstaetten, Austria.

As a result of the completed transaction, TAOS shareholders received cash and stock as they assumed

an approximately 20% stake in the combined new company. The total value of the TAOS shares

acquired by austriamicrosystems in the transaction was approximately $320M (EUR 220M).

The combined new company brings together complementary leadership capabilities in the areas of

analog mixed-signal design, power management, intelligent sensors and sensor interfaces that are

critical core competencies for developing future generations of advanced, intelligent or “smart”

wireless/wired sensor platforms. Further synergies will be achieved by leveraging the

austriamicrosystems world-class manufacturing and process technology to develop leading-edge SSoC

(Sensor Systems-on-Chip) solutions. TAOS has a longstanding and close relationship with

austriamicrosystems as a customer of the austriamicrosystems’ analog foundry business.

“By leveraging the combined sensor expertise of both companies, we are now uniquely positioned to

expand on our current leadership position in the smartphone and tablet markets through the

development of innovative sensor technologies for future mobile devices. Together, we see

significant opportunities to establish advanced sensor solutions for the consumer, communications,

industrial, medical and automotive markets that will contribute increased revenue growth and

profitability for the company,” stated Kirk Laney, CEO of TAOS, Inc.

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