Wise Road Capital and ams to create a $120m JV.

ams, a leading worldwide supplier of high performance sensor solutions, and Wise Road Capital, a global private equity firm focusing on the semiconductor industry, agreed to create a joint venture to advance the development and sales of environmental, flow and pressure sensor solutions for the global market. The agreement encompasses an investment valuing the joint venture business at approximately $120m and is expected to conclude in fall 2019. ams will transfer its current environmental sensor solution portfolio covering air quality, relative humidity and temperature sensing, which are used in automotive, smart building and air quality monitoring infrastructure applications. Wise Road Capital in turn will advise the new company, opening up its extensive network and resources from well-known global industry partners. “Wise Road Capital sees immense potential in marketing the excellent technology and products developed by ams. We look forward to applying our expertise and leveraging our relationships to make this a very successful joint venture. Not only do we have resources and networks in China, but also our close ties with leading technology companies and research institutes globally will make a valuable contribution to the joint venture,” said Mr. Michael Zhang, Managing Partner, Wise Road Capital.