A WESCO International subsidiary will acquire the business operations of Osram's North American service unit, Sylvania Lighting Solutions. The North American-based distributor and supply chain services provider will acquire approximately 220 employees based in US and Canada.
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. The financial effects of the sale on Osram’s balance sheet are minimal.
For more information:
Osram
www.osram-group.com