Investor Gimv has acquired a majority stake in Eindhoven-based Applied Micro Electronics (AME), a developer and manufacturer of smart electronic modules for international OEM customers. No financial details have been disclosed. AME’s management team will use Gimv’s support to continue to pursue its growth ambitions.
Since its founding in 1996, AME has continuously invested in research and development. Currently at 40 million euros turnover and 250 employees, the company developed expertise in three technology areas: power conversion, sensing & actuating and the Internet of Things. Products include power conversion systems, motion controllers, safety systems and human-machine interfaces for a variety of end-markets, including electric vehicles, home appliances and industrial automation.
Gimv considers AME to be well positioned to benefit from market trends such as electrification of society, increasing automation and connectivity of devices. It will support the company’s management team in realizing its growth ambitions and to further professionalize the organization. “Gimv allows us to further invest in our technical capabilities and industrial facilities,” comments AME CEO Gerrit van der Beek. “Now we can start planning worldwide expansion of our activities to locally support our customers.”
Boris Wirtz, principal in the Gimv Smart Industries team, adds: “AME is right at the heart of our Smart Industries investment focus, as it combines knowledge-intensive engineering and software competences with highly automated manufacturing facilities to develop and produce innovative products. We’re highly impressed by the outstanding capabilities of the company, as confirmed by long-standing partnerships with international OEMs who trust AME to supply crucial parts of their products.”