Osram to Sell Lamp Business to Consortium Based in China

Osram to Sell Lamp Business to Consortium Based in China

July 28, 2016

Osram Licht AG has announced it will sell its lamp business unit, Ledvance, to a China-based consortium comprising LED packaging service provide MLS, strategic investor IDG Capital Partners, and Yiwu State-owned Assets Operation Center. Osram had indicated it would sell the unit over a year ago.

The consortium is purchasing the business for more than EUR400 million (US$441 million). The transaction is expected to close in fiscal 2017.

Under the agreement, Osram will receive additional payment for licensed use of its trademark rights. Ledvance will continue to use the Osram brand in the international market and the Sylvania brand in the North America market, and maintain the lamp business unit’s existing R&D staff and all employees until the end of 2018.

The sale will allow Osram to focus on the automotive industry and lighting solutions for buildings and cities. In a similar move, this spring Philips sold a 25% stake in its general lighting business for EUR750 million.

Related Articles

Changing Scene

Design

New Products

  • Magic Lite: Tunable CCT Outdoor, High Power & Low Power

    Magic Lite: Tunable CCT Outdoor, High Power & Low Power

    The Tunable CCT Outdoor LED Tape Light offers versatile lighting with a colour temperature range of 2700K to 6500K. Designed for durability, it features a 3OZ copper PCB (8mm wide, 6.5mm thick) with 240 LEDs per meter, delivering smooth, gap-free illumination. Built for demanding environments, its IP67 rating ensures protection against water and dust, making… Read More…

  • ABB Emergi-Lite: EXP LED “Picto” Series

    ABB Emergi-Lite: EXP LED “Picto” Series

    The EXP LED Pictogram Series of battery equipment is designed to cover emergency lighting applications for the entire spectrum of hazardous locations, where inflammable gases, vapors, liquids, dust particles or fabrics tissues are permanently present or are likely to exist. The EXP LED Pictogram Series combines in one simple-to order catalogue family three traditional emergency… Read More…