DGAP-News: ams AG / Key word(s): Mergers & Acquisitions/Disposal
ams OSRAM announces the close of the sale of the North America Digital Systems business to Acuity Brands
Munich, Germany and Premstaetten, Austria (1 July 2021) -- ams OSRAM (SIX: AMS), a global leader in optical solutions, announces the close of the sale of the North America-based Digital Systems business (DS) in the USA, Canada and Mexico to long-time customer and partner Acuity Brands. DS primarily manufactures lighting control systems, electronics and drivers. With a long history of working together spanning decades, the close relationship and mutual understanding of each other's business is a strong point for the customer base. ams OSRAM and Acuity Brands agreed not to disclose financial details.
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About ams OSRAM
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 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 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-headquarters in Munich (Germany), the group achieved well over USD 5 billion combined revenues in 2020 (pro-forma).
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.
01.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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