01.17.19
With the sale of its North American services business, Sylvania Lighting Solutions (SLS), Osram is making further progress toward becoming a photonics leader. In WESCO International, Osram has found the best new owner for the services business. with approximately 220 employees and annual sales of more than $100 million. The transaction is expected to close in the first calendar quarter of 2019 and the purchase price is in the double-digit million euro range.
Osram is increasingly focusing on intelligent technologies in the field of visible and invisible light for the market fields of visualization, sensor technology and treatment. Osram’s Management Board decided in May 2018 to initiate the divestiture of the SLS business.
Osram is increasingly focusing on intelligent technologies in the field of visible and invisible light for the market fields of visualization, sensor technology and treatment. Osram’s Management Board decided in May 2018 to initiate the divestiture of the SLS business.
