Ams Osram sells LED driver business to China’s Inventronics

Ams Osram has agreed to sell its European and Asian LED driver business to China’s Inventronics.

Neither Premstaetten, Austria–based ams nor Hangzhou-based Inventronics revealed the purchase price, according to LEDS Magazine.

The business that ams is selling is based in Garching, Germany and has about 600 employees.

Ams Osram sold the North American portion of Digital Systems, its original name, to Acuity Brands a year ago.