Verdane exits AppliedSensor in trade sale to ams

Verdane is the largest shareholder in Reutlingen-based AppliedSensor. Verdane states that under its ownership company revenues have almost doubled and EBITDA has turned positive.

New owner ams provides sensor and analogue solutions for applications in the consumer, mobile communications, industrial, medical and automotive markets. It plans to fully integrate AppliedSensor's activities into its existing businesses following the closing of the deal, which is expected in the next four weeks.

Verdane recently completed two deals in the technology sector: it took part in a €6.1m series-C funding round in software and hardware solutions provider Verdande Technology in April 2014 via its eighth fund. In the same month, the secondaries fund acquired a portfolio of 10 Swedish e-commerce companies from Swedish media investment firm Aggregate Media.

Previous funding
According to unquote" data, Verdane acquired a portion of Pelago Venture Partners' portfolio in June 2008 – including shares in AppliedSensor – for an undisclosed sum. The investor used its Verdane Capital VI fund to finance the deal.

Company
Founded in 2000 and originally headquartered in Sweden, AppliedSensor designs, manufactures and markets chemical gas sensors for appliance, automotive, building, consumer and industrial applications. The company's safety, energy efficiency and comfort solutions can be used to detect odours in homes or to make whole buildings more energy efficient.

People
Göran Strandberg is partner at Verdane. Stefan Raible and Heiko Ulmer are managing directors at AppliedSensor.

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• Topics
• DACH
• Industrials
• Exits
• Trade sale
• Germany
• Verdane Capital Partners