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Sales price is €45 million in cash, with the transaction expected to close in third quarter of 2024.
May 8, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
ams OSRAM is selling relevant Passive Optical Components assets to Focuslight Technologies Inc. for €45 million in cash. “With our strategic efficiency program ‘Re-establish the Base’, we have promised as one key element to exit the non-core portfolio in our semiconductor business. Now we deliver another important step and announce the sale of relevant Passive Optical Components assets to Focuslight Technologies Inc., who is an excellent home for them. ams OSRAM continues executing its ‘Re-es...
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