EQS-News: ams-OSRAM AG / Key word(s): Miscellaneous
ams OSRAM completes the transaction to sell Passive Optical Components
assets to Focuslight Technologies Inc.
02.09.2024 / 19:08 CET/CEST
The issuer is solely responsible for the content of this announcement.
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ams OSRAM completes the transaction to sell Passive Optical Components
assets to Focuslight Technologies Inc.
• Sale of relevant Passive Optical Components assets completed
• Sales price of approx. EUR 45m in cash received
• Strategic efficiency program ‘Re-establish the Base’ on track
Premstaetten, Austria, and Munich, Germany (2 September 2024) -- ams OSRAM
(six: AMS) has closed the sale of relevant Passive Optical Components
assets to Focuslight Technologies Inc. for approx. EUR 45 million in cash.
“I am pleased that the sale of relevant Passive Optical Components assets
to Focuslight Technologies, has been closed according to plan,” said Aldo
Kamper, CEO of ams OSRAM. “Exiting the non-core portfolio in our
semiconductor business is a key element of our strategic efficiency
program ‘Re-establish the Base’. We are fully on track in executing the
program for delivering the promised run-rate savings of EUR 75 million by
end of this year and EUR 150 million by end of 2025 compared to 2023
actuals.”
Executing the ‘Re-establish-the-Base’ program
On 27 July 2023, ams OSRAM announced its strategic efficiency program
‘Re-establish the Base’, 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,
selling relevant assets of its Passive Optical Components business had
been defined as a key element.
On 7 May 2024, the company announced the sale of relevant assets of its
Passive Optical Components business for EUR 45 million in cash to
Focuslight Technologies Inc. ((1)Focuslight – Never Stop Exploring), a
fast-growing company in optical technologies, headquartered in Xi’an
(China) and listed on the stock exchange in Shanghai (China). The
transferred assets consist of facilities in Singapore and Switzerland,
Research & Development capacities and linked Intellectual Property.
The transaction closed, today, and ams OSRAM has received the transaction
price in cash from Focuslight Technologies.
About ams OSRAM:
The ams OSRAM Group (SIX: AMS) 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).
Find out more about us on (2)https://ams-osram.com
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: (3)>Twitter (4)>LinkedIn
(5)>Facebook (6)>YouTube
For further information
Investor Relations Media Relations
ams-OSRAM AG ams-OSRAM AG
Dr Juergen Rebel Bernd Hops
Senior Vice President Senior Vice President
Investor Relation Corporate Communications
T: +43 3136 500-0 T: +43 3136 500-0
(7)investor@ams-osram.com (8)press@ams-osram.com
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02.09.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams-osram.com
Internet: https://ams-osram.com/
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
Exchange (Vienna MTF)
EQS News ID: 1979951
End of News EQS News Service
1979951 02.09.2024 CET/CEST
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