SensorDynamics AG (Austria) - Dec 2007

unquote
01 December 2007

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A consortium of investors that included the Series A investors, Global Equity Partners with HTA III Venture Beteiligungs-Invest AG in the lead, Siemens Venture Capital, DEWB and three new Series B investors, PONTIS Venture Partners with PVP I fund, FIDURA Private Equity Funds and IPO-Austria with its Steirische Technologie- und Wachstumsfonds has invested €25m in equity funding and structured leverages in SensorDynamics.

In 2004, Global Equity Partners led a consortium of investors encompassing Siemens Venture Capital and DEWB in a Series A funding round of more than €20m.

Since the initial funding round, SensorDynamics has established itself as a provider of sensing and wireless technology to the automotive and consumer industries. The funds of the Series B funding will be used to further the market penetration of SensorDynamics’ micro and wireless silicon products, to expand international sales and to bolster the company’s engineering and production team.

The strong experience of the SensorDynamics’ management team in the fields of semiconductors and sensors, combined with long term strategic partnerships with companies such as Fraunhofergesellschaft, ST, TSMC or ASE is expected to boost SensorDynamics’ position in the near future. The company is already delivering mass products into the automotive market and targets to achieve revenues of more than €100m within the next couple of years.

Company

SensorDynamics is a semi-fabless semiconductor company that focuses on sensor solutions for high volume applications in automotive and industry. SensorDynamics develops and supplies fail-safe micro and wireless semiconductor sensor systems mainly for automotive key accounts and is certified under TS16949. The company acts as a general contractor and co-operates closely with suppliers of manufacturing and testing technologies. Headquartered in Graz-Lebring, Austria, SensorDynamics has subsidiaries in Italy, Germany, Slovenia and France.

Advisers

Company - Held Berdnik Astner & Partner, Bernhard Astner (Legal)Equity - BDO Rabel & Pilz Wirtschaftstreuhand und Steuerber, Klaus Rabel (Tax)Equity - Deloitte & Touche Vienna, (Financial Due Diligence)Equity - Klemm Liebenstein Rechtsanwalte, Karl Liebenwein (Legal)Equity - Ruechardt Consulting, Fabian Ruechardt (Commercial Due Diligence)

Sourced from: Deutsche unquote" 95 (Feb 2008)