Osram completes sale of Ledvance

The sale of Ledvance to a Chinese consortium was successfully completed effective today. This follows the parties obtaining all necessary approvals from the relevant authorities. The final selling price is around €500 million. As announced, Osram additionally expects license income of as much as €100 million over the coming years for the use of trademark rights. The decision by Osram’s managing board to sell Ledvance followed an intensive review of strategic options for the general lighting lamps business. “The successful closing of the transaction is a milestone for Osram in its strategic realignment. As a high-tech company, we will be able to participate in attractive future growth markets even stronger in the future,” said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG. 

Osram’s supervisory board approved the sale on July 26, 2016. The buyer of Ledvance is a Chinese consortium consisting of the strategic investor IDG Capital (IDG), the Chinese lighting company MLS Co., Ltd. (MLS) and the financial investor Yiwu State-Owned Assets Operation Center (Yiwu). With the sale, Osram has taken an important step in the implementation of its three-pillar strategy towards focusing on Specialty Lighting (SP), Lighting Solutions & Systems (LSS) and Opto Semiconductors (OS). In connection with the transaction, Osram and MLS have also signed a letter of intent under which MLS may purchase LED chips from the new Osram plant in Kulim, Malaysia.

ABOUT OSRAM

OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back about 100 years. The product portfolio includes high-tech applications based on semiconductor technology such as infrared or laser lighting. The products are used in highly diverse applications ranging from virtual reality, autonomous driving or mobile phones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the company is the global market and technology leader. Based on continuing operations (excluding Ledvance), OSRAM had around 24,600 employees worldwide at the end of fiscal 2016 (September 30) and generated revenue of almost €3.8 billion in that fiscal year. 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.