NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Agency / Source: ams-OSRAM AG

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ams OSRAM Sells Passive Optical Components Assets to Focuslight Technologies, Inc. for EUR 45 Million in Cash - ams OSRAM sells relevant Passive Optical Components assets to Focuslight Technologies Inc. for EUR 45 million in cash - Focuslight.com / ams-OSRAM.com
ams OSRAM Sells Passive Optical Components Assets to Focuslight Technologies, Inc. for EUR 45 Million in Cash

 

NewswireTODAY - /newswire/ - Premstaetten, Austria, 2024/05/07 - ams OSRAM sells relevant Passive Optical Components assets to Focuslight Technologies Inc. for EUR 45 million in cash - Focuslight.com / ams-OSRAM.com. SIX: AMS; ISIN: AT0000A18XM4

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics / Instrumentation / RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

• Sale of relevant Passive Optical Components assets;
• Sales price of EUR 45m in cash;
• Transaction expected to close in third quarter 2024.

“With our strategic efficiency program ‘Re-establish the Base’, we have promised as one key element to exit the non-core portfolio in our semiconductor business. Now we deliver another important step and announce the sale of relevant Passive Optical Components assets to Focuslight Technologies Inc., who is an excellent home for them. ams OSRAM continues executing its ‘Re-establish the Base’ program according to plan,” said Aldo Kamper, CEO of ams OSRAM.

Executing the ‘Re-establish-the-Base’ program
On July 27th, 2023, the company announced its ‘Re-establish the Base’ program, focusing on its profitable core as a new base for sustainable, profitable growth.

In terms of portfolio measures aimed at exiting certain non-core businesses in the semiconductor portfolio, the company had prioritized the carve-out of the Passive Optical Components business.

ams OSRAM signed an agreement with Focuslight Technologies Inc. (Focuslight Never Stop Exploring) (focuslight.com), a fast-growing company in optical technologies, headquartered in Xi’an (China) and listed on the stock exchange in Shanghai (China), for the sale of relevant assets of its Passive Optical Components business. Focuslight Technologies Inc. agreed to acquire those assets for EUR 45 million in cash. The transaction is subject to closing conditions which include approvals by the shareholders of Focuslight Technologies Inc. and Chinese regulatory authorities. It is expected to close in the third quarter 2024.

The existing business in optical components for Consumer applications, generating around EUR 50 million of revenues in 2023 and phasing out in 2024, is not part of the transaction.

About ams OSRAM

The ams OSRAM Group (ams-osram.com is a global leader in intelligent sensors and emitters. By adding intelligence to light and passion to innovation, we enrich people’s lives.

With over 110 years of combined history, our core is defined by imagination, deep engineering expertise and the ability to provide global industrial capacity in sensor and light technologies. We create exciting innovations that enable our customers in the automotive, industrial, medical and consumer markets to maintain their competitive edge and drive innovation that meaningfully improves the quality of life in terms of health, safety and convenience, while reducing impact on the environment.

Our around 20,000 employees worldwide focus on innovation across sensing, illumination and visualization to make journeys safer, medical diagnosis more accurate and daily moments in communication a richer experience. Our work creates technology for breakthrough applications, which is reflected in over 15,000 patents granted and applied. Headquartered in Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany), the group achieved EUR 3.6 billion revenues in 2023 and is listed as ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

ams is a registered trademark of ams-OSRAM AG. In addition, many of our products and services are registered or filed trademarks of ams OSRAM Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners.

Join ams OSRAM social media channels: >Twitter >LinkedIn >Facebook >YouTube
For further information

Investor Relations: Dr Juergen Rebel - Senior Vice President Investor Relations
T: +43 3136 500-0 - E: investor[.]ams-osram.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics / Instrumentation / RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ams-OSRAM AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics / Instrumentation / RFID articles,
CATCH Visitors via Your Competitors Announcements!


ams OSRAM Sells Passive Optical Components Assets to Focuslight Technologies, Inc. for EUR 45 Million in Cash

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Focuslight Technologies | ams OSRAM Group
Contact: Bernd Hops - ams-OSRAM.com 
+43 3136 500-0 press[.]ams-osram.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ams-OSRAM AG securities in any jurisdiction including any other companies listed or named in this release.

Electronics / Instrumentation / RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ams-OSRAM AG / Company Profile


Read Electronics / Instrumentation / RFID Most Recent Related Newswires:

TDK Successfully Developed A Material for Solid-state Batteries with 100-times Higher Energy Density
Curtiss-Wright Debuts Family of Rugged, Modular High-Voltage DC/DC Converters
Infineon Introduces Power System Reliability Modeling to Reduce Power Shortages and Blackouts in Data Center Systems
Mouser Electronics to Showcase Newest RF and Microwave Technologies At IMS 2024
Sensata Technologies Introduces the SGX Series Contactors for Material Handling, Energy Storage Systems, and DC Fast Charging Applications
Infineon Receives German Brand Award for 'Corporate Brand of the Year'
Qorvo® Revolutionizes Circuit Breakers with 750V, 4 milliohm SiC JFET in TOLL Package
Nexperia’s Portfolio of 650 V SiC Diodes Now Addresses Automotive and A Wider Range of Industrial Applications
Curtiss-Wright Introduces 40 Mbps Dual-Channel PCM Merger Module for Networked Flight Test Instrumentation Systems
STMicroelectronics Launches STeID Java Card™ Solutions for Trusted e-Identity and e-Government Applications
TDK to Showcase the Power of its Advanced Sensor Solutions At Sensors Converge 2024
Qorvo® Showcases Innovations in SPICE Simulation, SiC and Motor Control At PCIM 2024
Kontron Introduces High-End 6U VPX Computing Board for Imaging, Radar, and Embedded Server Applications
Yokogawa Test & Measurement Releases CT1000S AC/DC Split Core Current Sensor
STMicroelectronics Releases Energy-efficient Autonomous Inertial Measurement Unit with Industrial Product Longevity

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow, Inc.





 
  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)