EQS-Adhoc: ams-OSRAM AG: ams OSRAM sells Passive Optical Components assets to Focuslight Technologies Inc. for EUR 45 million in cash
EQS-Adhoc: ams-OSRAM AG: ams OSRAM sells Passive Optical Components assets to Focuslight Technologies Inc. for EUR 45 million in cash
EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Miscellaneous
ams-OSRAM AG: ams OSRAM sells Passive Optical Components assets to
Focuslight Technologies Inc. for EUR 45 million in cash
07-May-2024 / 12:09 CET/CEST
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Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to Art. 53 Listing Rules of SIX Swiss
Exchange
ams OSRAM sells Passive Optical Components assets to Focuslight
Technologies Inc. for EUR 45 million in cash
• Sale of relevant Passive Optical Components assets
• Sales price of EUR 45m in cash
• Transaction expected to close in third quarter 2024
Premstaetten, Austria, and Munich, Germany (May 7th, 2024) — ams OSRAM
(SIX: AMS) sells relevant Passive Optical Components assets to Focuslight
Technologies Inc. for EUR 45 million in cash.
“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.
([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), 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 (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 Relations Corporate Communications
T: +43 3136 500-0 T: +43 3136 500-0
[7]investor@ams-osram.com [8]press@ams-osram.com
End of Inside Information
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07-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
══════════════════════════════════════════════════════════════════════════
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: 1896791
End of Announcement EQS News Service
1896791 07-May-2024 CET/CEST
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