July 29, 2016 / 5:25 AM / a year ago

BRIEF-AMS Divests NFC and RFID reader product lines

July 29 (Reuters) - AMS AG :

* Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities

* To divest NFC and RFID reader IP, technologies and product lines to stmicroelectronics for an up-front cash consideration of $79.3 million plus a substantial deferred earn-out consideration contingent on future results of up to $37 million

* Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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