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Osram Drives Transformation with Sale of North American Service Business, Sylvania Lighting Solutions

January 16, 2019

MUNICH & WILMINGTON, Mass.--(BUSINESS WIRE)--Jan 16, 2019--With the sale of its North American services business, Sylvania Lighting Solutions (SLS), Osram is making further progress toward becoming a photonics champion. In WESCO International, Osram has found the best new owner for the services business with approximately 220 employees and annual sales of more than 100 million US dollars. The transaction is expected to close in the first calendar quarter of 2019 and the purchase price is in the double-digit million euro range.

Osram is increasingly focusing on intelligent technologies in the field of visible and invisible light for the market fields of visualization, sensor technology and treatment. Osram’s Management Board decided in May 2018 to initiate the divestiture of the SLS business. The financial effects of the sale on Osram’s balance sheet are minimal.

ABOUT OSRAM

OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to networked, intelligent lighting solutions in buildings and cities. OSRAM utilizes the infinite possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations will enable people all over the world not only to see better, but also to communicate, travel, work, and live better. As of the end of fiscal year 2018 (September 30), OSRAM had approximately 27,400 employees worldwide. It generated revenue of more than €4.1 billion in fiscal year 2018. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at www.osram.com.

ABOUT OSRAM SYLVANIA

OSRAM SYLVANIA is part of OSRAM Americas, a group of OSRAM companies located in North and South America. As a leader in lighting solutions and services specializing in innovative design and energy-saving technology, the company sells products under the brand names OSRAM, Traxon, ENCELIUM and SYLVANIA. The portfolio ranges from high-tech applications based on semiconductor technology, such as infrared or laser lighting, to smart and connected lighting solutions in buildings and cities. The OSRAM SYLVANIA and OSRAM Americas regional headquarters is located in Wilmington, Massachusetts. For more information, visit www.osram.us or follow us on Facebook and Twitter.

OSRAM is a registered trademark of OSRAM GmbH.

ENCELIUM is a registered trademark of OSRAM SYLVANIA Inc.

All other trademarks are those of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190116005066/en/

CONTACT: Press

For International Media Inquiries:

Jens Hack

Phone: + 49 89 6213 2129

Email:j.hack@osram.comFor North American Media Inquiries:

Ellen Miller

Phone: 978-854-7794

Email :e.miller@osram.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA MASSACHUSETTS GERMANY

INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO OTHER TECHNOLOGY PHOTOGRAPHY TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT ENGINEERING

SOURCE: Osram

Copyright Business Wire 2019.

PUB: 01/16/2019 06:00 AM/DISC: 01/16/2019 06:00 AM

http://www.businesswire.com/news/home/20190116005066/en

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