Osram to acquire California-based LED supplier LED Engin Inc.
Osram has agreed to acquire U.S.-based LED Engin Inc. in San Jose, California. The company has approximately 30 employees and annual sales of around USD 10 million. LED Engin specializes in ultra-bright, ultra-compact solid state lighting solutions for variety of specialty markets including entertainment lighting, ultraviolet, horticulture, tunable white and medical lighting applications. Its products mainly incorporate LED chips from Osram Opto Semiconductors. “LED Engin opens up new opportunities for us to offer our customers tailored specialty lighting solutions. LED Engin products are suitable for a variety of specialty applications, making them an ideal addition to our portfolio,” said Hans-Joachim Schwabe, CEO of Osram’s Specialty Lighting (SP) business unit./strong>
LED Engin will be integrated into the professional and industrial applications section of the SP business unit. LED Engin products are used in applications where powerful, compact LED light sources or special customized LEDs are required, for example to light restaurants, shops, museums, and galleries. The company also supplies lighting products for horticulture markets and powerful UV LEDs for industrial applications, such as the printing, curing and dental markets. In the entertainment sector, LED Engin enhances Osram’s value chain together with ClayPaky and ADB, the specialists for concert, event, theater, stage, and TV studio lighting.
“We are excited to join Osram and look forward to expanding our product portfolio and customer reach while continuing to serve our existing valued customers with additional resources,” said David Tahmassebi, CEO of LED Engin.
About OSRAM
OSRAM with headquarters in Munich, Germany is a globally leading lighting manufacturer with a company history of around 100 years. The product spectrum contains high-tech applications based on semiconductor technologies such as infrared and laser. Products are used in a wide variety of applications ranging from virtual reality, autonomous driving and mobile phones to networked, intelligent lighting solutions in buildings and cities. The company is global technology and market leader in the automotive lighting technology sector. OSRAM had approximately 24,600 employees around the world in continued business sectors (without Ledvance) with turnover of 3.8 billion euros to the end of the 2016 fiscal year (30 September). The company is listed on the Frankfurt am Main and Munich stock exchanges under WKN: LED 400 (stock exchange symbol: OSR). For further information, see www.osram.com.
About LED Engin
LED Engin, Inc., based in California’s Silicon Valley, develops, manufactures, and sells advanced LED emitters, optics components and light source modules in a unique, high-lumen density, compact, multi-die package that enable solid-state lighting solutions for a wide range of applications. Additional information can be found at www.ledengin.com.