DGAP-News: ams AG / Key word(s): Disposal
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.
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About ams and OSRAM
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.
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.
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