Austrian company AMS, a provider of sensors and analog IC solutions, has acquired German-based ASIC maker ACAM. The acquisition should strengthen ACAM's ASIC product portfolio for sensors applications due to AMS' much larger R&D, sales, and manufacturing resources. ACAM was founded 18 years ago and its unique ASIC platform is based on the company's time-to-digital (TDC) technology. AMS, formerly known as austriamicrosystems, currently has more than 1,700 employees in 20 countries. The company reported revenues of $614 million and net income of $108 million in 2014. "This was a good time for us to be acquired by ams because we are entering mass markets such as MEMS based sensors and ultrasonic gas and water meters, and we needed an investor for these strong growth goals," said ACAM's CEO Augustin Braun.