ams OSRAM signs agreement to sell its entertainment lighting business Clay Paky to ARRI AG

ams OSRAM has enterednto a definitive agreement to sell its Clay Paky entertainment lighting business to Germany based ARRI AG. The transaction is subject to customary closing conditions.

Clay Paky, established in 1976 and acquired by OSRAM in 2014, is headquartered in Seriate, Italy and is recognized as a leading global provider and worldwide reference brand in the professional high-end entertainment lighting market. Clay Paky has strengthened its technology leadership through LED- and Laser based portfolio extensions, and offers an innovative, award-winning portfolio of moving body and moving mirror projectors, color-changers, followspots, projectors and various lighting effects. Clay Paky is a leading partner for the world’s most renowned entertainers, global events, and theaters.

ARRI AG, headquartered in Munich, Germany, is a leading designer and manufacturer of camera and lighting systems as well as system solutions for the film, broadcast, and media industries, with a worldwide distribution and service network.

With this agreement, ams OSRAM implements the last of the divestments which the company had communicated to pursue following the acquisition of OSRAM. ams OSRAM will continue to focus on the high technology semiconductor business and its automotive & specialty lamps business and the announcement 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.