Lighting Design & Specification

Dec 13, 2019

LDS 19 CS Osram 400On October 18, 2019, AMS announced its intention to launch a voluntary public takeover offer to all shareholders of OSRAM Licht AG through its wholly-owned subsidiary ams Offer GmbH. The offer was set at €41.00 per share, with a minimum acceptance threshold of 55%.

The bid came down to the wire for AMS. The set deadline was midnight, December 5th (central European time). However, by early afternoon they had generated just under 40% acceptance.

On 6 December 2019, the acceptance threshold of 55% for the takeover offer was exceeded.

AMS has also extended the acceptance periord for Osram shareholds to December 24th.

“We are pleased to announce that we have been successful in achieving the minimum acceptance threshold in our offer for OSRAM,” says Alexander Everke, CEO of ams. “We would like to thank OSRAM shareholders for placing their trust in us and understanding the compelling strategic and industrial logic of the transaction. We look forward to creating a European based global leader in sensor solutions and photonics through the combination of AMS and OSRAM.”

“Based on this shared objective, we will work closely with the OSRAM management team and all OSRAM and ams stakeholders to make the combination a resounding success and create a strong path forward for OSRAM and AMS,” says Everke.

Dr. Olaf Berlien, CEO of OSRAM Licht AG, says: “Following ams’ successful takeover bid for OSRAM, we can now jointly establish a world class photonics and sensor champion.”

AMS will look to position themselves beyond the lighting market into areas like augmented and virtual reality devices as well as health and fitness products, and autonomous vehicles.

The takeover will still require approval from regulatory bodies, which Osram indicated would likely go into mid 2020.

Another area of interest will be how AMS integrates all of Osrams busniess units. AMS may be less inclined to pursue Osrams investments in IoT (Internet of Things) technologies, particularly with respect to data/analytics lighting infrastrucutre.

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