ams and Osram reach agreement with Inventronics to sell its digital lighting systems business in Europe and Asia
[Introduction]ams Osram (SIX: AMS), the world’s leading supplier of optical solutions, announced that it has entered into an agreement with INVENTRONICS, a global supplier of LED driver power supplies, to Sold the European and Asian operations of Digital Systems. ams Osram will continue to focus on the high-tech semiconductor business, as well as the automotive, entertainment and industrial lighting businesses. The transaction marks another milestone in the implementation of ams-Osram’s strategy to focus on core technology areas such as lighting, visualization and sensing, while divesting non-strategic core businesses. This transaction is subject to customary transaction constraints.
ams Osram Digital Lighting Systems in Europe and Asia develops lighting modules, software and power supplies for connectable components related to conventional lighting and LED lighting – these are the luminaires for professional lighting applications, enabling the digitalization and intelligence of lighting solutions important components. By acquiring the European and Asian businesses of ams Osram Digital Lighting Systems, Inventel will be able to expand the scope of its regional and business portfolio.
“We are very excited about this transaction. We strongly believe that this will create more value for our customers, employees and shareholders. After the acquisition we will have a strong product portfolio and performance without competing with customers, allowing us to become an LED driver the first choice to achieve significant market share,” said Marshall Miles, CEO of Inventel Electronics.
Dr. Wilhelm Nehring, Executive Vice President and General Manager of the Digital Division (DI) at ams Osram, said: “Our aim was to select a buyer that would provide our employees and customers with long-term growth opportunities and the ability to create additional value for our customers. Home. The Digital Lighting Systems business unit and Inventel Electronics share a common pursuit of technology, and this acquisition is based on a growth strategy that offers exciting future prospects for business development and employees.”
“We look forward to joining the Inventronics family. We both have extensive market experience and customer insight, and combined with our strong European and Asian presence, we will continue to provide our customers with superior quality and cutting-edge innovation.” ams Osram Europe and Dr. Gernot Steinlesberger, Head of Digital Lighting Systems Asia.
The ams Osram Digital Lighting Systems business in Europe and Asia employs around 600 people. Headquartered in Garching near Munich, Germany, the business operates in more than 35 countries around the world.
Inventronics is a listed company headquartered in Hangzhou, China. The company operates globally, including production sites in China, India and Mexico, distribution centers in the U.S. and the Netherlands, and sales offices in major markets around the world, serving customers in more than 100 countries.
For more information about Inventronics, please visit www.inventtronics-co.com. For more information on ams Osram, please visit our website ams-osram.com/en/.
About ams Osram
The ams Osram Group (SIX: AMS) is a global leader in optical solutions. We bring intelligence to light, infuse passion into innovation, and enrich people’s lives. That’s what “sensing is life” is all about.
With a history of more than 110 years, we are guided by the imagination of future technology, combined with deep engineering expertise and strong global industrial production capacity, and have been deeply involved in the field of sensing and optical technology for a long time, and continue to promote innovation. In the fields of consumer electronics, automotive, medical health and industrial manufacturing, we are committed to providing customers with competitive solutions, and in terms of health, safety and convenience, we are committed to improving the quality of life and promoting green environmental protection.
With approximately 24,000 employees worldwide, we focus on innovations in sensing, lighting and visualization to make journeys safer, medical diagnosis more accurate and communication easier. We are committed to developing ground-breaking applied innovations with more than 15,000 patents granted and applied for.
Group headquarters are located in Premstaetten/Graz, Austria, with joint headquarters in Munich, Germany. In 2021, the group’s total revenue will exceed 5 billion euros. ams-OSRAM AG is listed on the SIX Swiss Exchange (ISIN: AT0000A18XM4).
ams is a registered trademark of ams-OSRAM AG. In addition, many of our products and services are registered or filed trademarks of the ams Osram Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners.
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For more information, please visit: https://ams-osram.com/en