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New Deal


Announced

Prosperity Lamps and Components to acquire Traxon Technologies business from OSRAM.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

facade lighting

Friendly

Acquisition

Pending

Hong Kong

Private

dynamic media

Electronic Equipment: Other

Cross Border

Synopsis

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Prosperity Lamps and Components, a lighting company, agreed to acquire Traxon Technologie, a provider of lighting solutions, the benchmark dynamic lighting controls e:cue, from ams OSRAM, a provider of optical solutions. Financial terms were not disclosed. ams-OSRAM will continue to focus on the high technology semiconductor business and the transaction represents a milestone in the implementation of ams-OSRAM’s strategy to focus on core technology areas in illumination, visualization and sensing and to divest businesses that are not core to the company’s strategy.

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