AMS Plans to Complete Osram Transition in 2Q20 and Reveal 1Q20 Financial Expectations with COVID-19 Assessment

Sensor solution supplier AMS updated the progress of its acquisition of Osram and reported its financial expectations for the first quarter of 2020 after assessing the COVID-19 situation.


(Image: AMS)

After AMS started its takeover process for Osram since December 2019 and reported further update that the deal is expected to close in the second quarter of 2020. The Austrian sensor maker is processing its EUR 1.65 billion (US$1.78 billion) rights issues for the takeover and noted that they only require “the receipt of the required regulatory approvals” to completed the acquisition. Meanwhile, AMS has increased its direct shareholding in Osram to 23.4%, aiming to speed up the merge.

The right issue is underwritten by the same banks who provided fund to AMS for Osram acquisition including UBS, HSBC, BofA Securities, Citigroup, Commerzbank, Deutsche Bank, Morgan Stanley and Erste Group.

In addition, in response to the current global COVID-19 pandemic, AMS confirmed its financial expectations for the first quarter 2020 with revenues of US$ 480-520 million and an adjusted operating (EBIT) margin of 19-21%.

"We are more convinced than ever of the compelling strategic logic and value creation potential of combining AMS and Osram based on our ongoing interactions with Osram to prepare for post merger integration," said Alexander Everke, CEO of ams. "This logic is unaffected by the current capital market and end market environment attributable to COVID-19. We continue to receive positive feedback from our shareholders regarding the strategic rationale and the capital increase."

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE