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Purchase price was agreed at $272 million on a debt free/cash free basis.
December 21, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
ams OSRAM announced that it has entered into a definitive agreement to sell its Fluence horticulture lighting systems business and brand to Signify for an agreed purchase price of $272 million on a debt free/cash free basis, in line with previous comments on an ex-pected larger size disposal. This transaction represents a further significant step in the execution of ams OSRAM’s strategy to focus and re-align its business portfolio on its core technology areas in illumi-nation, visualization and...
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