AMS Osram sells assets to Focuslight
Group is executing the ‘Re-establish the base’ program.
For 45 million euros in cash, the group based in Austria and Germany sells relevant passive optical components assets to the fast-growing Chinese optical technology company. The transaction is 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.
Focuslight agreed to acquire those assets. The transaction is subject to closing conditions which include approvals by the Focuslight shareholders and Chinese regulatory authorities.
The existing AMS Osram business in optical components for consumer applications, generating around 50 million euros of revenues in 2023 and phasing out in 2024, is not part of the transaction.
