ots Ad hoc-Service: ELMOS Semiconductor AG <DE0005677108> ELMOS to Enter Silicon Microstructure Sensor Business
Dortmund (ots Ad hoc-Service) -
Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.
ELMOS Semiconductor AG, Dortmund, Germany, (Neuer Markt: ELG) today announced that it has signed an agreement to acquire Silicon Microstructures (SMI) Inc., Fremont, California, from OSI Systems Inc., Hawthorne, California, (Nasdaq: OSIS). The transaction is scheduled to be closed at the end of March with a total payment of about US$ 6.5 million. After purchasing Eurasem, which closed the missing link of in-house assembly, and the recently announced co- operation with Motorola, which offers access to automotive microcontrollers, the acquisition of SMI is the next strategic step to offer systems solutions for the automotive business.
This acquisition enables the ELMOS Group to provide advanced silicon-based smart sensor solutions for its automotive customers and other application areas. These sensor solutions can either be made up of a combination of a sensor element plus an ASIC or as a fully integrated version. ELMOS enlarges its dedicated 'Systems Integration' approach by 'smart' sensor systems operating at the point of use. The acquisition well prepares ELMOS for mechatronic solutions - which will be one of the key elements in the automotive future.
SMI is well established in the sensor business and one of the leaders in the field of precision silicon pressure sensor technology. Up to now, the products of SMI are used primarily in automotive applications such as emission and engine control, for braking systems as well as in medical respiration and catheter systems and industrial systems for heating and ventilation. With about 45 employees, SMI will generate net sales of more than US$ 6 million in fiscal year 2000/2001.
Contact:
ELMOS Semiconductor AG; Heinrich-Hertz-Str. 1; D44227
Dortmund; Germany; Phone: +49 - 231-7549-0; Fax: +49 - 231-7549-548;
invest@elmos.de; www.elmos.de
End
Internet: http://recherche.newsaktuell.de
Original-Content von: ELMOS Semiconductor AG, übermittelt durch news aktuell