Announced
Synopsis
Osram Licht, a multinational lighting manufacturer, sold its North American business to WESCO, a multinational electronics distribution and services company based in Pittsburgh, for $114m. The sale of Sylvania Lighting Solutions, which makes annual sales of more than $100m and employs about 220 staff, is expected to close in the first quarter of 2019. “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,” the group said.
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