ams OSRAM completes the transaction to sell the Digital Systems business in Europe and Asia to Inventronics

ams OSRAM has closed the disposal of the Digital Systems business in Europe and Asia to Inventronics, a global supplier of LED drivers.

The Digital Systems business in Europe and Asia employs around 600 people and operates widely across a large number of European and Asian countries. Inventronics is a publicly traded company headquartered in Hangzhou, China.

Inventronics maintains global operations including manufacturing facilities in China, India and Mexico in addition to distribution centers in the US and the Netherlands. Sales offices in major markets around the world service customers in more than 100 countries.

With this closing all risks and benefits of the Digital Systems business in Europe and Asia have transferred to Inventronics. This closing represents the completion of the communicated planned divestitures following the acquisition of OSRAM. ams OSRAM will continue to focus on the high technology semiconductor business and its automotive and specialty lamps business. The announcement represents an important milestone as ams OSRAM implements its strategy to divest businesses that are not core to the company’s strategy and to focus on core technology areas in illumination, visualization, and sensing.

The total proceeds from these divestitures have increased to well above 550 million euro which is meaningfully higher than the initial expectation.