Verdane VI sells AppliedSensor to ams

Established in 2000, AppliedSensor designs, manufactures and markets chemical gas sensors for appliance, automotive, building, consumer and industrial applications. The company is a leading supplier of safety, energy efficiency and comfort solutions that for example can be used to detect odors in homes or to make whole buildings more energy efficient. AppliedSensor’s headquarters are located in Reutlingen, Germany, with further locations in Linköping, Sweden, and Warren, NJ, USA.

AppliedSensor’s largest shareholder is Verdane Capital VI, a Nordic private equity fund, that first invested in the company in 2008. Since investment, the company’s revenues have close to doubled and EBITDA has turned positive. ams is a worldwide leader in high performance sensor and analogue solutions. ams’ products offer extreme precision, sensitivity, and ultra-low power consumption for applications in the consumer, mobile communications, industrial, medical, and automotive markets.

“We are proud to have helped build a company with reliable and cost-effective products, that major corporations worldwide rely on” comments Göran Strandberg, Partner at Verdane Capital Advisors. “The company is now ready for a new phase and we think that AppliedSensor’s gas sensor technology will be complementary to ams’ expertise in sensor design.”

The transaction is expected to close within the next four weeks, subject to certain approvals and conditions. The parties have agreed to keep the consideration confidential. ams plans to fully integrate AppliedSensor’s activities into its existing businesses following the closing.