LED Engin
Osram drives transformation with sale of North American service business, Sylvania Lighting Solutions
16.Jan
2019
  • 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

With the sale of its North American services business, Sylvania Lighting Solutions (SLS), Osram is making further progress toward becoming a photonics champion. In WESCO International, Osram has found the best new owner for the services business with approximately 220 employees and annual sales of more than 100 million US dollars. The transaction is expected to close in the first calendar quarter of 2019 and the purchase price is in the double-digit million euro range.

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.

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