Infineon Technologies to acquire a sensor portfolio from ams OSRAM for €570m.

Infineon Technologies, a German company designing and manufacturing semiconductor devices, agreed to acquire a sensor portfolio from ams OSRAM, an Austrian semiconductor manufacturer, for €570m. "With the focused sale of our non-optical automotive, industrial & medical sensor business to Infineon for €570m in cash, we are effectively killing two birds with one stone: we are accelerating the deleveraging of our balance sheet while at the same time creating a compelling strategic pure play – the leader in digital photonics," Aldo Kamper, ams OSRAM CEO.