Category: Electronics / Components, Mergers / Acquisitions
austriamicrosystems completes acquisition of Texas Advanced Optoelectronic Solutions, Inc.

austriamicrosystems completes acquisition of Texas Advanced Optoelectronic Solutions, Inc.

Source: EBA Communications Ltd Date: Monday, 8 August 2011
Contact Person: EBA Communications Ltd Email:
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Hong Kong, 8 August 2011 X austriamicrosystems AG (SIX: AMS), a leading global designer and manufacturer of high performance analog ICs for the consumer, communications, industrial, medical and automotive markets, has completed the transaction to acquire 100 per cent of the shares in Texas Advanced Optoelectronic Solutions, Inc. ("TAOS"), Plano, Texas (USA).

As part of the total consideration of approximately US$320 million for the acquisition of TAOS, 2,706,840 new austriamicrosystems no-par value bearer shares were issued by way of a capital increase out of existing authorised capital at an issue price of EUR 37.9843 per share, and were privately placed with Twilight S, LLC, a limited liability company owned by certain shareholders of TAOS. After the capital increase, the company's statutory ordinary share capital is divided into 13,753,092 ordinary no par value bearer shares with a calculated nominal value of EUR 2.4224 per share.

The application for the newly issued austriamicrosystems shares to be listed and admitted to trading on the SIX Swiss Exchange according to the Main Standard was approved by the SIX Swiss Exchange. The listing became effective and trading commenced on 15 July 2011.

Following the successful completion of the transaction, austriamicrosystems plans to hold an extraordinary shareholders meeting in the near future where the shareholders shall decide on the election of two representatives of former TAOS shareholders to the supervisory board.

"The acquisition of TAOS is a major step bringing the company to the next level of growth and profita­bility and creating a strong platform to expand our position in the high performance analog market," commented John Heugle, CEO of austriamicrosystems. "We welcome all TAOS employees and look forward to working with the talented team at TAOS on innovative sensor technologies for mobile devices leveraging both companies' world-class sensor expertise. Together, we are in an excellent position to pursue the significant opportunities for advanced sensor solutions in growth markets such as smartphones and tablet PCs."

Important Note
Not for release, publication or distribution in the USA, Canada, Australia and Japan. This ad-hoc release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase securities. In connection with this transaction there has not been, nor will there be, any public offering of the shares of austriamicrosystems. The shares have not been and shall not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered within the USA or to U.S. persons (as defined in regulation S under the U.S. Securities Act of 1933, in the respective amended version) absent registration under or an applicable exemption from the registration requirements of the United States securities laws, or made public in publications with a general circulation in the USA.

About austriamicrosystems
austriamicrosystems is a leading designer and manufacturer of high performance analog ICs (integrated circuits), combining over 25 years of analog design capabilities and system know-how with its own state-of-the-art manufacturing and test facilities. austriamicrosystems leverages its expertise in low power and high accuracy to provide industry-leading standard and customized analog products. Operating worldwide with more than 1,100 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces and mobile infotainment in its markets Consumer & Communications, Industry & Medical and Automotive. austriamicrosystems is listed on the SIX Swiss Exchange in Zurich (ticker: AMS). For more information, please visit