EQS-News: ams-OSRAM AG: ams OSRAM completes the transaction to sell the Digital Systems business in Europe and Asia to Inventronics
EQS-News: ams-OSRAM AG / Key word(s): Disposal
ams-OSRAM AG: ams OSRAM completes the transaction to sell the Digital
Systems business in Europe and Asia to Inventronics
04.04.2023 / 17:40 CET/CEST
The issuer is solely responsible for the content of this announcement.
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• ams OSRAM confirms the finalization of the divestiture of the Digital
Systems business in Europe and Asia to Inventronics
• This closing represents the last of the communicated disposals
following the acquisition of OSRAM
• ams OSRAM will continue to focus on the high technology semiconductor
business and its automotive and specialty lamps business
Premstaetten, Austria and Munich, Germany (4 April 2023) — ams
OSRAM (SIX: AMS), a global leader in optical solutions, announced today
that the disposal of the Digital Systems business in Europe and Asia to
Inventronics, a global supplier of LED drivers, has closed.
The Digital Systems business in Europe and Asia employs around 600 people
and operates widely across a large number of European and Asian countries.
Inventronics is a publicly traded company headquartered in Hangzhou,
China. Inventronics maintains global operations including manufacturing
facilities in China, India and Mexico in addition to distribution centers
in the US and the Netherlands. Sales offices in major markets around the
world service customers in more than 100 countries.
With this closing all risks and benefits of the Digital Systems business
in Europe and Asia have transferred to Inventronics. This closing
represents the completion of the communicated planned divestitures
following the acquisition of OSRAM. ams OSRAM will continue to focus on
the high technology semiconductor business and its automotive and
specialty lamps business. The announcement represents an important
milestone as ams OSRAM implements its strategy to divest businesses that
are not core to the company’s strategy and to focus on core technology
areas in illumination, visualization, and sensing. The total proceeds from
these divestitures have increased to well above EUR 550 million which is
meaningfully higher than the initial expectation.
For more information on Inventronics please visit inventronicsglobal.com.
For more information about ams OSRAM please visit our website at
ams-osram.com.
Press Contact:
Media Relations Investor
Relations
ams-OSRAM AG ams-OSRAM
AG
Amy Flécher
Moritz M. Gmeiner
Vice President Marketing Communications Head
of Investor Relations
T +43 664 8816 2121 T +43
3136 500 31211
[1]press@ams-osram.com
[2]investor@ams-osram.com
ams-osram.com
ams-osram.com
ams-OSRAM AG
Hilary McGuinness
Head of Public Relations
T: +49 151 276 70 184
[3]press@ams-osram.com
ams-osram.com
About ams OSRAM
The ams OSRAM Group (SIX: AMS) is a global leader in optical solutions. By
adding intelligence to light and passion to innovation, we enrich people’s
lives. This is what we mean by Sensing is Life.
With over 110 years of combined history, our core is defined by
imagination, deep engineering expertise and the ability to provide global
industrial capacity in sensor and light technologies. We create exciting
innovations that enable our customers in the automotive, consumer,
industrial and healthcare sectors maintain their competitive edge and
drive innovation that meaningfully improves the quality of life in terms
of health, safety and convenience, while reducing impact on the
environment.
Our around 22,000 employees worldwide focus on innovation across sensing,
illumination and visualization to make journeys safer, medical diagnosis
more accurate and daily moments in communication a richer experience. Our
work creates technology for breakthrough applications, which is reflected
in over 15,000 patents granted and applied. Headquartered in
Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).
Find out more about us on [4] https://ams-osram.com
ams is a registered trademark of ams-OSRAM AG. In addition many of our
products and services are registered or filed trademarks of ams OSRAM
Group. All other company or product names mentioned herein may be
trademarks or registered trademarks of their respective owners.
Join ams OSRAM social media channels: [5]>Twitter [6]>LinkedIn
[7]>Facebook [8]>YouTube
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04.04.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams-osram.com
Internet: https://ams-osram.com/
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange
(Vienna MTF)
EQS News ID: 1601081
End of News EQS News Service
1601081 04.04.2023 CET/CEST
References
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