20 July 2011 austriamicrosystems to acquire optoelectronics firm Analogue IC specialist austriamicrosystems has completed a transaction to acquire 100% of the shares of Texas Advanced Optoelectronic Solutions. Following the successful completion of the transaction, austriamicrosystems plans to hold an extraordinary shareholders meeting to decide on the election of two representatives of former TAOS shareholders to the supervisory board. "The acquisition of TAOS is a major step bringing the company to the next level of growth and profitability and creating a strong platform to expand our position in the high performance analogue market," said John Heugle, ceo of austriamicrosystems, pictured. "We welcome all TAOS employees and look forward to working with the talented team at TAOS on innovative sensor technologies for mobile devices leveraging both companies' world class sensor expertise. Together, we are in an excellent position to pursue the significant opportunities for advanced sensor solutions in growth markets such as smartphones and tablet pcs." Author Chris Shaw Comment on this article Websites http://www.austriamicrosystems.com Companies Austriamicrosystems This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.