ams OSRAM announces the closing of the sale of Traxon Technologies to Prosperity Group
Traxon Technologies Limited has been established as an independent company within Prosperity Group where Traxon is a licensee of the OSRAM brand for its high quality luminaire products. ams OSRAM will continue to support Traxon in selected jurisdictions with transitional sales services for a period of several months after which related employees and assets will also be transferred to Prosperity Group.
Prosperity Group, a privately owned lighting company headquartered in Hong Kong, is a modern conglomerate deep-rooted in the lighting industry with investments and operations across diversified business sectors in global markets and a long-term partner to ams OSRAM and OSRAM Licht AG for over 40 years.
ams OSRAM will continue to focus on its high technology semiconductor businesses and its automotive & specialty lamps business and the transaction represents a further milestone in the implementation of ams OSRAM’s strategy to focus on core technology areas in illumination, visualization and sensing and to divest businesses that are not core to the company’s strategy. This transaction does not include ams OSRAM illumination components and technologies.
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