Announced
Financials
Sources
Tags
Majority
Single Bidder
facade lighting
Friendly
Acquisition
Pending
Hong Kong
Private
dynamic media
Electronic Equipment: Other
Cross Border
Synopsis
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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