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First Sensor AG
Company Description
First Sensor is a world leader in the design and manufacture of custom opto-electronic products. The company and its subsidiaries can offer a wide range of leading edge technologies covering wafer processing from UV to 1064 nm, detectors, emitters, sensor systems, packaging, hybrids, modules, specific optical and MEMS systems. These products are used in many applications including telecommunications, automotive, medical, environmental systems and metrology. The wide range of applications and markets ensure First Sensor long-term stability and allows us to successfully develop both standard and custom solutions.
Standard products include: PIN photodiodes and arrays, avalanche photodiodes and arrays, position sensing photodiodes, wavelength sensitive diodes, emitters and custom solutions.
The company's strength is its ability to customize its existing products or to incorporate new technologies in co-operation with its customers to solve particular application problems.
Contact Information
 Peter-Behrens-Straße 15
Berlin
Germany
Press Releases
| First Sensor acquires Augusta Technologie AG's entire Sensortechnics Group
First Sensor AG (formerly known as Silicon Sensor International AG), which is listed in Prime Standard at Frankfurt Stock Exchange has reached an agreement today with Augusta Technologie AG regarding the purchase of 100% of the shares in the Sensortechnics Group.
The Sensortechnics Group consists of Sensortechnics GmbH (Development and Distribution of high-quality sensor solutions, among others in the sector of medical technology, Puchheim near Munich), Elbau GmbH (developer and manufacturer of sensor modules, Berlin), Elbau Singapore Pte. Ltd., Klay Instruments B.V. (industrial solutions, The Netherlands), Pressure & Flow Ltd. (England), Sensortechnics, Inc. (USA), Sensortechnics Corp. (Canada) as well as Sensortechnics Scandinavia, AB (Sweden).
The acquired Group globally holds approximately 270 employees at eight locations and generated in 2011 a sale amount of approximately €60 million.
Dr Hans-Georg Giering (CEO First Sensor AG): "I am very pleased that, with the acquisition of Sensortechnics Group, we are able to consequently continue the change our company commenced in 2009 in being a profitable and integrated industrial enterprise. Therewith, First Sensor globally gains position as one of the most meaningful providers for custom sensor solutions. With now approximately 750 employees at eight sites, among others in Germany, the Netherlands, USA and Singapore and additional distribution sites in further core markets, we provide more than 4,000 customers in all significant branches with innovative sensor solutions."
Distribution-strong Sensortechnics will, among other things with their 2,000 customer relations, create additional sales channels for the products and services of First Sensor Group. Due to the merger, the competitive lead of First Sensor to provide the customer with solutions along a complete product value from the sensor component, to the sensor module up to the fully assembled sensor system has been further expanded. The expansion of the business, in combination with an elevated flexibility in capacities and lot sizes, makes First Sensor, particularly for key customers, even more interesting. Due to the low overlap of sectors, many options for the transmission of sensor solutions into other sector applications arise.
With the acquisition of Sensortechnics Group, First Sensor significantly strengthens its market position and solution competence in the field of Life Science, which also contains the increasingly demanded application in the field of medical technology. Following the significant increase of strength of its position in the fields of Mobility, Industrial and Security over the past years, First Sensor is now able to offer a yet again significantly enhanced portfolio of sector-specific sensor solutions.
In the past, the Sensortechnics Group acted as an independent sub-group of Augusta Technologie AG and was always profitable. The management members of both companies had already cooperated closely and confidently on a series of successful mutual projects in the past. They formally welcome the merger of the companies and look forward to the future joint collaboration.
Josef Öttl (Managing Director, Sensortechnics GmbH): „The entire Management Team of Sensortechnics Group considers its acquisition as a big opportunity for existing customers and for its employees. We are looking forward to create a leading global player with First Sensor for innovative and individual sensor solutions."
Starting 2012, Sensortechnics Group will add more than €60 million to sales for First Sensor AG, which will therefore more than double its group sales. With expected total sales for the upcoming year estimated at more than €115 million, First Sensor is planning an operating result (EBITA) of approximately €14 million for 2012.
Synergies in the seven-figure range are expected to be realized in the coming years due to the combination.
The purchase price, which is divided into several, partially performance-related installments, amounted to several tens of millions.
Dr Ingo Stein (CFO): "When financing the transaction, we focused on a solid and risk averse structure.We additionally aimed for the lowest possible profit dilution for our shareholders. Therefore, we have opted for a mix of long-term bank loans and a capital increase. All existing shareholders are being granted a buying option at the ratio of 2:1 as well as the opportunity of a multiple buying option. It is guaranteed that First Sensor will also have the financial scope in the future, to stem necessary investments in new technologies by their own efforts.“
The capital increase will be managed by M.M. Warburg & Co. The subscription offer is expected to be released on October 6, 2011. The subscription period is expected to begin on October 7, 2011 and end on October 21, 2011. The subscription price for the 3.312 million new shares will be €10.00 per share. There will be no trading of subscription rights.
Funds advised by the DPE Deutsche Private Equity GmbH ("DPE") have guaranteed the capital increase of First Sensor AG significantly, subject to the shareholders' subscription right, and therefore are ensuring the successful execution of the capital measure.
Marc Thiery, Managing Partner of DPE, on the industrial logic of this new investment: "We intentionally chose an engagement with this highly specialized technology enterprise, as First Sensor AG not only has been very successful, highly profitable and extremely innovative over many years, but also holds an excellent position in all its markets."
„Next to a strong market position, Sensortechnics Group also possesses an international marketing drive. Through the complementary array of both enterprises, one of the globally largest providers for special sensor solutions is created out-of-the-box." adds Guido Prehn, director with DPE.
First Sensor's Chief Executive Officer, Dr Hans-Georg Giering welcomes the entry of the industrially oriented financial investor: "Together with our second significant anchor shareholder DPE, we are looking into a very promising future with potential for growth. Thanks to the long-term financial investment of DPE we are able to lay the foundation for the continuation of the successful development of our business."
For more information on the company, please visit www.first-sensor.com or call us on Tel.: +49 30 6399 23-710
First Sensor AG
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