Verdane bought into the Germany-headquartered business in 2008, since when AppliedSensor has almost doubled its revenues and turned its EBITDA positive.
Göran Strandberg, a partner at Verdane Capital Advisors, said “We are proud to have helped build a company with reliable and cost-effective products, that major corporations worldwide rely on.
“The company is now ready for a new phase and we think that AppliedSensor’s gas sensor technology will be complementary to ams’ expertise in sensor design.”
The transaction is expected to close within the next four weeks.
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