12.21.21
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 sensing, which continues to include advanced LED solutions for horticulture lighting. ams OSRAM will continue to be a strategic LED supplier to the com-bined business for horticultural applications.
Fluence is a leading global provider of energy-efficient LED lighting system solutions for the horticultural industry. A pioneer in creating white light that mimics the spectrum of sunlight, the company is headquartered in Austin, TX, United States and employs around 200 people globally.
Acquired by OSRAM in 2018, the company was recently named in the inaugural list of “Next Big Things in Tech” by Fast Company, where its innovative lighting solutions earned an honorable mention recognition for the company’s contribution to changing how the world cultivates food.
“Fluence and Signify are a strong match in complementary lighting expertise for the horti-culture market. Signify is an industry leader with over a century of history bringing inno-vative lighting technology, products and services to market. We are excited about the fu-ture opportunities for the Fluence employees, customers, and business partners that this combination will bring" said Wilhelm Nehring, EVP Digital Business Unit.
“ams OSRAM will continue to build on its position as a leader in red, blue and white LEDs for the horticulture market. We look forward to continue providing Signify, and Fluence as part of Signify, leading technology for their business,” added Frans Scheper, EVP Opto Semiconductor Business.
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 sensing, which continues to include advanced LED solutions for horticulture lighting. ams OSRAM will continue to be a strategic LED supplier to the com-bined business for horticultural applications.
Fluence is a leading global provider of energy-efficient LED lighting system solutions for the horticultural industry. A pioneer in creating white light that mimics the spectrum of sunlight, the company is headquartered in Austin, TX, United States and employs around 200 people globally.
Acquired by OSRAM in 2018, the company was recently named in the inaugural list of “Next Big Things in Tech” by Fast Company, where its innovative lighting solutions earned an honorable mention recognition for the company’s contribution to changing how the world cultivates food.
“Fluence and Signify are a strong match in complementary lighting expertise for the horti-culture market. Signify is an industry leader with over a century of history bringing inno-vative lighting technology, products and services to market. We are excited about the fu-ture opportunities for the Fluence employees, customers, and business partners that this combination will bring" said Wilhelm Nehring, EVP Digital Business Unit.
“ams OSRAM will continue to build on its position as a leader in red, blue and white LEDs for the horticulture market. We look forward to continue providing Signify, and Fluence as part of Signify, leading technology for their business,” added Frans Scheper, EVP Opto Semiconductor Business.
