E2V buys Swiss semi specialist - Embedded.com

E2V buys Swiss semi specialist

LONDON — E2v Technologies plc has acquired MiCS MicroChemical Systems SA, a company that designs and manufactures specialist semiconductors primarily focused in air quality used in automotive and industrial applications, for £5 million (around $10 million).

MiCS MicroChemical Systems SA (Neuchâtel, Switzerland) designs and manufactures specialist semiconductors primarily focused on air quality sensors, currently used mainly in automotive applications. This silicon based gas sensing platform technology is complementary to e2v’s existing silicon based sensing technologies and its gas sensing products for industrial safety applications.

MiCS MicroChemical Systems SA has long-term contracts in place with a number of multi-national auto manufacturers with an estimated total value of £23 million (around $46 million) over a six year period. It currently employs 24 people, all of whom are based in Switzerland.

At the year ended December 31, 2006 MiCS MicroChemical Systems SA had gross assets of £1.3million, and generated a loss before taxation of £1.0million for the year.

MiCS MicroChemical Systems SA (Neuchâtel, Switzerland) was owned by a number of investors including Renaissance PME (Lausanne, Switzerland) and Saia Burgess Electronics Holding AG (Murten, Switzerland).

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