ams OSRAM sells horticulture lighting business to Signify
28 February 2022
News
ams OSRAM 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 expected larger size disposal.
This transaction represents a further significant step in the execution of ams OSRAM’s strategy to focus and realign its business portfolio on its core technology areas in illumination, visualisation and sensing, which continues to include advanced LED solutions for horticulture lighting. ams OSRAM will continue to be a strategic LED supplier to the combined 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 Texas, USA 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 the US business magazine Fast Company, where its innovative lighting solutions earned an honourable mention in recognition of the company’s contribution to changing how the world cultivates food.
Further reading:
From the editor's desk: The art of measuring the truth
Technews Publishing
Editor's Choice News
All electronic measurements are a lie. The trick is making the lie as small as possible.
Read more...
TSE has relocated
News
The Technology Station in Electronics (TSE) has entered a new chapter with its relocation from the CSIR campus to TUT-owned building at Ditsela Place in Hatfield.
Read more...
Innovative MyLegrand app
RS South Africa
News
Legrand SA is set to launch the MyLegrand mobile application, a digital platform designed to strengthen engagement across its professional network.
Read more...
Kulani Energy acquires critical assets from Optipower
News
Kulani Energy preserves engineering, procurement, and construction capability and positions a wholly women-owned firm at the forefront of South Africa’s grid expansion.
Read more...
From Cape Town to Johannesburg
News
Würth Elektronik South Africa has taken a significant step forward with its recent relocation from Cape Town to Johannesburg, marking a new phase of growth and ambition for the company.
Read more...
Lesley Havenga: Building partnerships for Africa’s electronics future
Editor's Choice News
As Würth Electronik expands its footprint across South Africa and the broader sub-Saharan region, Havenga’s blend of manufacturing expertise, supply chain knowledge, and people-centred leadership appears well suited to the task.
Read more...
Tackling e-waste with help from international partners
News
Every year millions of electrical and electronic devices and appliances, including mobile phones and computers, are thrown away and these items are now the fastest growing waste stream in the world.
Read more...
From the editor's desk: Pricing surge reshapes engineering reality
Technews Publishing
News
The recent and continuing surge in memory prices has become more than a supply-chain story confined to global semiconductor markets. We have watched in disbelief as the ASP of memory has risen by over
...
Read more...
Siemens democratises EDA software access
News
This collaboration will provide streamlined access to advanced electronic design automation software for European semiconductor innovation.
Read more...
Components distribution: A promising trend
News
The European electronic components market returned to solid growth in Q1, gaining 16,9%, with broad, but uneven, momentum across the region.
Read more...
printer friendly version