ams OSRAM Announces the Sale of Its Horticulture Lighting Systems Business Fluence to Signify

Key Facts

PREMSTAETTEN, Austria--()-- (SIX: AMS), a global leader in optical solutions, announced today that it has entered into a definitive agreement to sell its Fluence horticulture lighting systems business and brand to Signify (EURONEXT: LIGHT) for an agreed purchase price of USD 272 Million on a debt free / cash free basis, in line with previous comments on an expected 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 illumination, visualization and sensing, which continues to include advanced LED solutions for horticulture lighting.
“ams OSRAM will continue to build on its position as a leader in red, blue and white LEDs for the horticulture market.
The company is a worldwide technology leader in LEDs for horticulture lighting with a broad portfolio of red, blue and white LEDs.