Centerbridge Partners-backed Key Patent Innovations completed the acquisition of OLED portfolio from OSRAM.

Centerbridge Partners-backed Key Patent Innovations, an Irish-based company that identifies and invests in high value patent-based opportunities, completed the acquisition of OLED portfolio from OSRAM, a lighting manufacturer. Financial terms were not disclosed. "This is an exciting first acquisition for us that builds on the momentum from our launch last month. OSRAM is a pioneer and has a proven track record in the OLED sector, and this acquisition will fuel the expansion of our patent monetization business. We believe that large patent holdings amassed by global innovation leaders often include patent portfolios of significant size and quality that are used, but unlicensed, by key players in the industry. We provide owners of these portfolios an opportunity to partner with us to develop and implement strategies that will provide these owners with monetary compensation, which in turn will incentivize them to continue to innovate and patent in new technology areas," Angela Quinlan, Key Patent Innovations Managing Director.