Focuslight Acquires ams OSRAM's Passive Optics Division for €45 Million

Posted  by GoPhotonics

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ams OSRAM, a global leader in intelligent sensors and emitters, announced that it had signed an agreement for the sale of its relevant Passive Optical Components assets to Focuslight Technologies, a fast-growing Chinese company in optical technologies, for EUR 45 million in cash. The transaction is subject to closing conditions which include approvals by the shareholders of Focuslight Technologies and Chinese regulatory authorities. It is expected to close in the third quarter of 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.

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.

About ams OSRAM

The ams OSRAM Group stands as a global leader in intelligent sensors and emitters. Enriching lives through the fusion of light and innovation is their mission. Their legacy spans over 110 years, marked by a commitment to imagination and profound engineering prowess. With a global industrial capacity in sensor and light technologies, they continually generate groundbreaking innovations. Their focus extends to empowering customers across automotive, industrial, medical, and consumer sectors, ensuring their competitive advantage and driving innovations that enhance quality of life, safety, and environmental sustainability.

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