June 15, 2022
ams OSRAM Sells Another Piece of its Lighting Business
The sixth "non-strategic business" is about to be sold. One more to go.
One year ago, ams OSRAM announced the sale of its North American Digital Systems business to Acuity Brands. Today, ams OSRAM has announced the sale of its European and Asian digital systems business to China-based, global LED driver maker, Inventronics.
The ams OSRAM Europe and Asia Digital Systems business develops mainly power supplies with related light modules, software and connectable components. Terms of the deal were not disclosed. No timeline for the transaction was announced and the acquisition is subject to customary closing conditions.
ams OSRAM has been transparent about its plans to unload what it calls “non-strategic businesses” that do not align with its core sensor business. In April, Chief Business Development Officer, Mark Hamersma, explained that the company is seeking to spin-off non-strategic businesses to eliminate distractions and free up capital.
The only remaining non-strategic business without an announced deal is Clay Paky, the Italian based maker of theatrical lighting fixtures and controls.
The non-strategic businesses are:
|
Digital Systems North America |
Sold to Acuity Brands in 2021 |
|
Digital Lumens / Encelium |
Sold to Skyview Capital in 2021 |
|
Fluence |
Sold to Signify in 2022 |
|
Automotive Lighting Systems |
Announced sale to Plastic Omnium |
|
Traxon |
Announced sale to Prosperity Group |
|
Digital Systems Eurasia |
Announced sale to Inventronics |
|
Clay Paky |
For sale |
Below is the announcement from ams OSRAM:
ams OSRAM reaches an agreement for Inventronics to acquire the Digital Systems business in Europe and Asia
Premstaetten, Austria and Munich, Germany (15 June 2022) -- ams OSRAM (SIX: AMS), a global leader in optical solutions, announced today the agreement to sell the Digital Systems business in Europe and Asia to Inventronics, a global supplier of LED drivers. ams OSRAM will continue to focus on the high technology semiconductor business, as well as automotive, entertainment and industry lamps business. The transaction represents a further milestone in the implementation of ams OSRAM’s strategy to focus on core technology areas in illumination, visualization and sensing, and to divest businesses that are not core to the company’s strategy. The transaction is subject to customary closing conditions.
The ams OSRAM Europe and Asia Digital Systems business develops mainly power supplies with related light modules, software and connectable components for traditional and LED illumination. These are essential components for luminaires in professional lighting applications that enable smart lighting solutions and digitalization. With the acquisition of ams OSRAM’s Europe and Asia Digital Systems business Inventronics will be able to expand its regional and portfolio scope.
“We are very excited about this transaction. We fully believe it will enable us to create even more value for our customers, employees and shareholders. The combined portfolio and capabilities, coupled with the fact that we will not be competing with our customers, should make us the first choice for LED drivers with a very large portion of the market,” said Marshall Miles, CEO, Inventronics.
Dr. Wilhelm Nehring, EVP and GM Business Unit Digital at ams OSRAM: “Our goal was to select a buyer who offers a long-term perspective for our employees and our customers along with the ability to foster additional value creation for customers. Digital Systems and Inventronics share a passion for technology and this acquisition is based on a growth strategy, which provides an exciting future perspective for the business and employees.”
“We look forward to joining the Inventronics family. Both companies have a deep market knowledge and customer understanding, and that combined with our strong European and Asian presence will enable us to continue to deliver excellent quality and leading-edge innovations to our customers,” said Dr. Gernot Steinlesberger, Head of OSRAM Digital Systems Europe and Asia.
The Digital Systems business in Europe and Asia employs around 600 people. The business is headquartered in Garching near Munich, Germany, and operates in more than 35 countries worldwide.
Inventronics is a publicly traded company headquartered in Hangzhou, China. The company maintains global operations including manufacturing facilities in China, India and Mexico in addition to distribution centers in the US and the Netherlands. Sales offices are in major markets around the world servicing customers in more than 100 countries.
