Inventronics, a provider of reliable and innovative LED driver products, agreed to acquire the digital systems business of Osram, a German company that makes electric lights, for $78m. "We look forward to joining the Inventronics family. Both companies have a deep market knowledge and customer understanding, and that combined with our strong European and Asian presence will enable us to continue to deliver excellent quality and leading-edge innovations to our customers," Gernot Steinlesberger, Osram Head of Digital Systems Europe and Asia.