AMS-OSRAM (NON-OPTICAL SENSOR DIVISION) acquired by INFINEON TECHNOLOGIES
Context
Infineon agreed to acquire the non-optical sensor business from AMS-Osram in a strategic carve-out. For AMS-Osram, this divestment marks a definitive pivot towards becoming a pure-play "Digital Photonics" leader, shedding non-core assets to focus entirely on optical semiconductors (LEDs, lasers, optical sensors). For Infineon, the acquisition strengthens its technological footprint in high-precision sensing without the burden of acquiring additional factories. The deal is structured as a "fabless" asset transfer: Infineon acquires the intellectual property, customer contracts, and R&D teams, but has signed a long-term supply agreement for AMS-Osram to continue manufacturing the wafers as a foundry service.
AMS-OSRAM (NON-OPTICAL SENSOR DIVISION), which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
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Target
The divested business unit encompasses AMS-Osram's portfolio of non-optical analog and mixed-signal sensors. These components are critical for data acquisition in automotive systems (position, temperature), Corporate automation, and medical devices (X-ray detectors). The division employs approximately 230 people, primarily in R&D and management, who will transfer to the acquirer. Crucially, the transaction does not include the physical production facilities
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | GROUPE PASSMAN | HOTEL TECHNOLOGY MANAGEMENT (HTM) | UNITED KINGDOM | IT Equipment |
| 03/2026 | ECOLAB | COOLIT SYSTEMS | CANADA | Servers & Networks |
| 02/2026 | MANAGEMENT & PRIVATE INVESTORS | PRIMAL GROUP (FORMERLY SOLEM) | FRANCE | IoT & Connected Objects |
| 02/2026 | SENSTAR TECHNOLOGIES CORPORATION | BLICKFELD | GERMANY | Sensors & Optics |
| 01/2026 | KEENFINITY | AVONIC | NETHERLANDS | IoT & Connected Objects |
| 01/2026 | Somacis | ACB GROUP | BELGIUM | Electronic Components |
| 12/2025 | BPIFRANCE / MBDA | NANOXPLORE | FRANCE | Chips & Processors |
| 12/2025 | LEGRAND | COGELEC | FRANCE | IT Equipment |
| 12/2025 | WABTEC | FRAUSCHER | AUSTRIA | Sensors & Optics |
| 07/2025 | NAZCA CAPITAL | TELTRONIC | SPAIN | IT Equipment |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €150–250M
EBITDA range: €50–100M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AMS-OSRAM (NON-OPTICAL SENSOR DIVISION) by INFINEON TECHNOLOGIES are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.