Characteristic lighting market demand Wang OSRAM acquisition of Italy Clay Paky

OSRAM's official website announced on 8, in order to expand the lighting business entertainment industry, the company will acquire Clay Paky private enterprise headquartered in Italy, Bergamo. Clay Paky mainly produces light and light up head stage lamps, and in concert, theater and studio use the projector, with annual sales of more than 60 million euros. The financial details of the transaction were not disclosed, but is expected to be completed before the end of this year.

Lighting is a very attractive feature of the market, we deliberately chose to buy Clay Paky, is to improve the company's position in the market. OSRAM CEO Wolfgang Dehen said.

OSRAM said that innovation driven entertainment lighting market is very attractive, its growth rate reached a median. Clay Paky will become part of OSRAM's automotive lighting, display and optical activities, including the characteristics of the lighting business.

The combination of OSRAM and Clay Paky will form a relying on the powerful SSL Technology (such as LED and laser) leading supplier of professional entertainment lighting system, "OSRAM lighting company CEO Hans-Joachim Schwabe said.

Clay Paky was founded in 1976, has more than 100 employees. Due to its Clay Paky brand enjoys a reputation in the international entertainment industry, OSRAM plans to be retained, and in daily operations to maximize the company's independence.

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