Osram to Focus on Semiconductors Again

Newly named Ledvance (since July 2016), Osram's general lighting lamps business, is to be acquired by a Chinese consortium consisting of the strategic investor IDG, the Chinese lighting company MLS and the financial investor Yiwu, for just over €400 million.

As well as the cash transaction, the consortium will pay Osram additional royalties for license agreements of trademark rights. Through the transaction, both parties expect to benefit from a significantly larger sales and distribution network, as well as sourcing synergies.

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