Ushio to acquire ams OSRAM’s Entertainment & Industry Lamps business for EUR 114 m.

Ushio Inc., a Japan-based optical technology company, has agreed to acquire the Entertainment & Industry Lamps (ENI) business from ams OSRAM, a global lighting and sensor solutions provider, for €114m. "After the successful extension of the Revolving Credit Facility and the placement of additional senior notes, we deliver today the first result of our accelerated deleveraging plan in terms of executing divestment options. With Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche-business. At the same time, we are further streamlining our portfolio towards our core markets," Aldo Kampe, ams OSRAM CEO.