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
Disclosure of an inside information acc. to Article 17 MAR of the 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. ( 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 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: >Twitter >LinkedIn >Facebook >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
investor@ams-osram.com 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
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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: 1896791
End of Announcement EQS News Service
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1896791 07-May-2024 CET/CEST