WESCO International, Inc. (NYSE:WCC) subsidiary to acquire business operations of Osram's North American service unit, Sylvania Lighting Solutions
North American-based distributor and supply chain services provider WESCO International will acquire approximately 220 employees based in US and Canada
Osram continues to sharpen its profile as photonics champion
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.