Osram completes acquisition of Clay Paky
With effect as of October 13, 2014 Osram has successfully completed the acquisition of Clay Paky, a leading provider of entertainment lighting for shows and events. All necessary approvals from the respective authorities have been granted regarding the acquisition. With this move, Osram will further expand its position in entertainment lighting. “The successful closing of this transaction is a further step towards strengthening Osram’s specialty lighting segment in a highly attractive market”, said Wolfgang Dehen, Chief Executive Officer of Osram. Pio Nahum, who has been appointed CEO of the Clay Paky business also with effect from October 13, 2014, said: “As part of Osram, we have good prospects for further growth”.
With the acquisition of Clay Paky, Osram is pushing forward its strategy of technology and innovation. The innovation-driven entertainment lighting market is very attractive, with mid-single digit percentage growth rates. Clay Paky will be part of Osram’s Specialty Lighting segment, which comprises the company’s automotive lighting as well as the Display/ Optic activities.
Only recently during the Plasa exhibition in London, Clay Paky won the Plasa 2014 Award for Innovation for their new moving head “Mythos” - a highly advanced form of hybrid light, combining beam light and spotlight. Clay Paky has received the prestigious award for the eighth time now.
ABOUT OSRAM
OSRAM of Munich, Germany is one of the two leading light manufacturers in the world. The company's portfolio covers the entire value chain from components – including lamps, electronic control gear and opto semiconductors such as light-emitting diodes (LED) – as well as luminaires, light management systems and lighting solutions. OSRAM has around 34,000 employees worldwide and generated revenue of more than €5.1 billion in fiscal 2014 (ended September 30). The company's business activities have been focusing on light – and hence on quality of life – for over 100 years. The company was listed on the stock exchanges in Frankfurt and Munich on July 8, 2013 (ISIN: DE000LED4000; WKN: LED 400; Trading symbol: OSR).
Additional information can be found at www.osram-group.com
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