Flexible Electronics News, Mergers and Acquisitions

ams OSRAM Sells Entertainment & Industry Lamps Business to Ushio

Will receive €114 million as first divestment under its deleveraging plan.

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ams OSRAM sells its Entertainment and Industry Lamps business to Ushio Inc. for €114 million as the first divestment under its deleveraging plan. “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,” says Aldo Kamper, CEO of ams OSRAM. “With Ushio, we have found the perfect new home for our sophisticated, high-end special...

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