Ams Sells Microphone-Design Business to Knowles Corp for Total Consideration of $58 Million
December 23 2019 - 3:25AM
Dow Jones News
By Cristina Roca
Ams AG (AMS.EB) said Monday that it has sold its MEMS microphone
interface design to Knowles Corp. (KN) for a total cash
consideration of $58 million.
The Austrian sensor solutions company said its ASIC design
business for MEMS microphones has worked in partnership with
Knowles on bespoke audio sensor interfaces for years.
The decision to divest comes as Ams continues to focus on sensor
solutions and in view of significant future opportunities in
optical technologies, the company said.
The deal has already closed, Ams said.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
December 23, 2019 03:10 ET (08:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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