EQS-News: ams-OSRAM AG: ams OSRAM announces the completion of the sale of its Digital Systems business in Europe and Asia to Inventronics

EQS-News: ams-OSRAM AG / Key word(s): Sale ams-OSRAM AG: ams OSRAM announces completion of sale of Digital Systems business in Europe and Asia to Inventronics 04/04/2023 / 17:40 CET/CEST For the content The issuer / publisher is responsible for the notification. ══════════════════════════════════════════════════ ════════════════════════ • ams OSRAM confirms the completion of the sale of its Digital Systems business in Europe and Asia to Inventronics • The closing represents the latest of the announced Disposals following the acquisition of OSRAM represent • ams OSRAM will continue to focus on the high-tech semiconductor business and the broader automotive and specialty lamp businesses Premstätten, Austria and Munich, Germany (April 4, 2023) – ams OSRAM (SIX: AMS ), a global leader in optical solutions, today announced the completion of the sale of its Digital Systems business in Europe and Asia to Inventronics, a global supplier of LED drivers. The Digital Systems division in Europe and Asia employs around 600 people and operates in numerous European and Asian countries. Inventronics is a public company headquartered in Hangzhou, China. It has manufacturing facilities in China, India and Mexico as part of its global business structure, in addition to distribution centers in the US and the Netherlands. Sales offices in important markets around the world serve customers in over 100 countries. With this completion, all risks and benefits of the Digital Systems division in Europe and Asia were transferred to Inventronics. The completion of the transaction represents the completion of the announced planned disposals following the takeover of OSRAM. ams OSRAM will continue to focus on the business with high-tech semiconductors and the further automotive and special lamps business. The completion of the transaction is an important milestone in the implementation of ams OSRAM’s strategy to focus on core technologies in the areas of lighting, visualization and sensors and to divest businesses that are not a central part of the company’s strategy. The total proceeds from these sales have risen to well over EUR 550 million and are thus well above the original expectations. For more information on Inventronics, visit inventronicsglobal.com. For more information regarding ams OSRAM, please visit our website at ams-osram.com. Press contact Media Relations Investor Relations ams-OSRAM AG ams-OSRAM AG Amy Flécher Moritz M. Gmeiner Vice President Marketing Communications Head of Investor Relations T [phone] T [phone]
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ams-OSRAM AG
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[3][e-mail] ams-osram.com About ams OSRAM ams OSRAM Group (SIX: AMS), is a global leader in optical solutions. We combine light with intelligence and innovation with passion, thereby enriching people’s lives. For us, this means Sensing is Life. With a combined history of more than 110 years, our company is defined at its core by imagination, deep technical know-how and the ability to manufacture sensor and lighting technologies on a global industrial scale. We develop inspiring innovations that enable our customers in the consumer, automotive, healthcare and industrial markets to be one step ahead of the competition. At the same time, we are driving innovations that sustainably increase our quality of life in terms of health, safety and comfort while reducing the impact on the environment. Our around 22,000 employees worldwide ensure safer driving, more effective medical diagnoses and more convenience in everyday communication with innovations in the areas of sensor technology, lighting and visualization. Our work makes technologies for breakthrough applications a reality, reflected in over 15,000 patents issued and pending. Headquartered in Premstätten/Graz (Austria) and a co-headquarters in Munich (Germany), ams OSRAM Group achieved sales of over EUR 4.8 billion in 2022 and is listed on the SIX Swiss Exchange as ams-OSRAM AG (ISIN: AT0000A18XM4). Find out more regarding us at [4]
ams is a registered trademark of ams-OSRAM AG. In addition, many of our products and services are pending or registered trademarks of the ams group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. ams OSRAM social media: [5]>Twitter [6]>LinkedIn [7]>Facebook
[8]> Youtube ════════════════════════════════════════════════ ══════════════════════════ 04/04/2023 CET/CEST Release of a Corporate News/Financial News, transmitted by EQS Group AG. www.eqs.com ════════════════════════════════════════ ═════════════════════════════ Language: German Company: ams-OSRAM AG Tobelbader Straße 30 8141 Premstaetten Austria Phone: [phone] email: [e-mail] Internet: / ISIN: AT0000A18XM4 WKN: A118Z8 Stock exchanges: Open market in Düsseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange (Vienna MTF) EQS News ID: 1601081 End of message EQS News-Service 1601081 4/4/2023 CET/CEST References Visible links 1. [e-mail]
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