UK markets closed
  • NIKKEI 225

    28,010.93
    -953.15 (-3.29%)
     
  • HANG SENG

    28,489.00
    -312.27 (-1.08%)
     
  • CRUDE OIL

    73.49
    +1.85 (+2.58%)
     
  • GOLD FUTURES

    1,783.90
    +14.90 (+0.84%)
     
  • DOW

    33,838.93
    +548.85 (+1.65%)
     
  • BTC-GBP

    23,477.17
    -1,687.46 (-6.71%)
     
  • CMC Crypto 200

    794.89
    -55.45 (-6.52%)
     
  • ^IXIC

    14,132.23
    +101.85 (+0.73%)
     
  • ^FTAS

    4,026.96
    +24.89 (+0.62%)
     

ams AG: ams OSRAM and Acuity Brands reach an agreement for Acuity Brands to acquire the Digital Systems business in North America

·4-min read

DGAP-News: ams AG / Key word(s): Disposal
04.06.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

ams OSRAM announces the sale of the North America-Based Digital System (DS) business, which primarily manufactures lighting control systems, electronics and drivers, to long-time customer and partner Acuity Brands. A leading U.S. industrial technology company, Acuity Brands is acquiring the Digital Systems business in the US, Canada and Mexico, which currently have about 1100 employees.

ams OSRAM North America Digital Systems business develops and manufactures lighting components including drivers, LED light engines, electronic ballast and connected components and is one of the largest LED lighting driver companies in North America. LED drivers are a crucial component of every luminaire and enable smart and embedded technologies to make lighting and controls more available, reliable, and open for broader access. The acquisition of ams OSRAM's LED drivers and team expands Acuity Brands capabilities and its advanced LED driver portfolio. Acuity Brands' ownership will bring a strategic perspective and fit to the customers, employees and business overall.

Acuity Brands and DS have a long history of working together, spanning decades. This close relationship and mutual understanding of each other's business is expected to enable a rapid integration. The company will take over the DS business in the USA, Canada and Mexico, including the production facility in Monterrey, Mexico. The transaction is expected to close during the summer of 2021. The parties have agreed not to disclose financial details.
 

For further information
Media Relations
Amy Flécher Jens Hack
Vice President Corporate Head of Media Relations
Communications and Marketing
T: +43 664 8816 2121 T: +49 89 6213 2129
press@ams.com j.hack@osram.com
ams-osram.com ams-osram.com

About ams and OSRAM
The ams OSRAM Group, including the listed companies ams AG as parent company and OSRAM Licht AG, 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 consumer, automotive, healthcare and industrial sectors maintain their competitive edge. We thereby drive innovation that meaningfully improves the quality of life in terms of health, safety and convenience, while reducing impact on the environment.
Our around 30,000 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-headquarter in Munich (Germany), the group achieved well over USD 5 billion combined revenues in 2020 (pro-forma).
ams AG is a listed company on the SIX Swiss Exchange (ISIN: AT0000A18XM4). OSRAM Licht AG remains a listed company on the XETRA market in Germany (ISIN: DE000LED4000).
To find out more about us on https://ams-osram.com

ams is a registered trademark of ams AG. In addition many of our products and services are registered or filed trademarks of ams Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Join ams social media channels: >Twitter >LinkedIn >Facebook >YouTube

Join OSRAM social media channels: >Twitter >LinkedIn >Facebook >YouTube

Please note: The ams brand is owned by ams AG, the OSRAM brand is owned by OSRAM GmbH. ams group and OSRAM group are in the process of integration. The combination of the ams and OSRAM brand is not representing a new brand. This is a visual symbol of the two companies coming together, representing the aspiration of our future joined group.


04.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

ams AG

Tobelbader Straße 30

8141 Premstaetten

Austria

Phone:

+43 3136 500-0

E-mail:

investor@ams.com

Internet:

https://ams.com

ISIN:

AT0000A18XM4

WKN:

A118Z8

Listed:

Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange (Third Market (MTF))

EQS News ID:

1204213


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting