Osram Public Takeover Continues to Develop as ams AG Out-Bids Bain Capital and The Carlyle Group

LDS 18 CS Osram takeover 400

Sept 20, 2019

On September 3, 2019, ams AG, headquartered in Premstätten, Austria, published a voluntary public takeover offer of EUR 38.50 per share for all shares of OSRAM Licht AG. Earlier this year Osram also had a public take over offer from Bain Capital and The Carlyle Group, valued at EUR 35 per share. With the ams AG offer valuing Osram at EUR 4.3 billion, Osram quickly shifted gears to begin negotiations with ams.

After careful examination and thorough consideration of all advantages and disadvantages arising from obligations under equity law, Osram’s Executive Board and the majority of its Supervisory Board recommend in their reasoned opinion that Osram shareholders accept the offer. The financial attractiveness of the offer was to be weighted higher than points of criticism.

Regardless of the financial attractiveness of the Offer, the Executive Board and the Supervisory Board continue to have concerns regarding a takeover by ams. Both bodies would prefer a private ownership structure for the transformation of Osram from a vertically integrated lighting expert to a high-tech photonics player. In addition, a number of open questions on strategy require further coordination between Osram and ams, in particular with regard to the alignment of the businesses, the global location strategy, the synergy potential and the integration concept. In the opinion of the Executive Board and the Supervisory Board, it is crucial that a qualified and motivated integration team with ams and Osram employees creates a professional concept and implements it in a stringently managed project.

Overall, the Management Board and the majority of the Supervisory Board regard the strategy pursued by ams as promising in many respects, particularly with regard to the further development of the Opto Semiconductors business unit. By merging with ams, this business unit could benefit from the development of innovative sensor and photonics solutions, and the use of established customer access, among other things.  

Go HERE for more information

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    At the crest of False Creek, Tesoro stands as a contemporary interpretation of classic luxury, offering 92 exclusive waterfront homes in the heart of Vancouver. Developed by Concert Properties, this 17-story residential tower embraces a distinctly modern character, harmonizing sleek design with timeless sophistication. The vision for Tesoro extended beyond its architectural presence—it was about… Read More…

  • LightForm: Estiluz – Versatile Solutions for Sophisticated Spaces

    LightForm: Estiluz – Versatile Solutions for Sophisticated Spaces

    For anyone seeking high-performance lighting that blends elegance with engineering, Estiluz offers an exceptional range of solutions. This Spanish brand, family-owned since 1969, creates lighting that balances form, function, and flexibility, making it ideal for both bold architectural statements and subtle design enhancements. At LightForm, they are proud to be the exclusive Canadian distributor of… Read More…


New Products

  • Cyclone Lighting Introduces New Taji Luminaire

    Cyclone Lighting Introduces New Taji Luminaire

    Cyclone Lighting is excited to announce the release of its new Taji luminaire. Taji’s captivating design features high-performance optics and enhances a variety of aesthetics. Taji’s distinctive, stylish silhouette and slender lines are a refreshing departure from the ubiquitous dome luminaire. The unique flared form maintains a slender, minimalist feel yet provides high-performance optics. The… Read More…

  • Leviton Releases New Decora Smart Wi-Fi 0-10V Dimmer for Home & Small Business Lighting Control

    Leviton Releases New Decora Smart Wi-Fi 0-10V Dimmer for Home & Small Business Lighting Control

    Leviton has announced the launch of the Decora Smart Wi-Fi 0-10V Dimmer (D2710), expanding its comprehensive Wi-Fi lighting and load control solutions that work with the My Leviton app. As the first Matter-compatible 0-10V smart dimmer, the new 120V/277V device makes it easy to add 0-10V dimming to smart platforms such as Apple Home, Amazon… Read More…