ams OSRAM Sells Non-optical Analog/mixed-signal Sensor Business to Infineon

“With the focused sale of our non-optical automotive, industrial & medical sensor business to Infineon for EUR 570 million in cash, we are effectively killing two birds with one stone: we are accelerating the deleveraging of our balance sheet while at the same time creating a compelling strategic pure play – the leader in Digital Photonics. We are emerging as the Photonics Powerhouse, offering the broadest suite of cutting-edge semiconductor emitting & sensing platforms, uniquely positioned to capture the major inflection points in Digital Photonics across automotive, Augmented Reality smart glasses, biosensing, home and industrial robotics, AI data-center optical interconnects and potentially even visionary applications like laser fusion.” said Aldo Kamper, CEO of ams OSRAM.

Balance sheet deleveraging:

• Sale of non-optical analog/mixed-signal automotive, industrial & medical sensor business to Infineon for EUR 570 million in cash; the transaction is expected to close in Q2/2026
• The divested business delivered approx. EUR 220 million annual revenues and approx. EUR 60 million adj. EBITDA in 2025
• The sale concerns entities holding about EUR 130 million of assets that guarantee the Group’s convertible bonds and senior notes; the related proceeds will be applied to pro-rata buyback or redemption of those instruments
• In total, asset sales under ams OSRAM’s deleveraging plan will generate proceeds of approx. EUR 670 million, pushing the pro-forma leverage ratio from 3.3 down to 2.5 (incl. OSRAM Put Options)

Strategic repositioning:

• Transaction increases financial and strategic flexibility and creates the leader in Digital Photonics focusing on intelligent optical semiconductor emitting & sensing technologies
• Digital Photonics means the digitalization of light emission through pixelated emitters and sensors including processing power for added intelligence and drives a set of mid-term growth opportunities supporting the new 2030 financial targets
• ams OSRAM boasts the broadest set of cutting-edge optical semiconductor technology platforms in emitters including specialized driver and power management ICs, and a full range of optical sensors and sensor modules
• The stable traditional automotive lamps (incl. the after-market business) remain part of the Group as reliable cash flow generator for funding growth in its semiconductor business
• New 2030 Over-the-Cycle Financial Targets: Semiconductors: mid-to-high single digit revenue CAGR, ≥ 25% adjusted EBITDA; Group: FCF EUR > 200 m, leverage ratio < 2