OSRAM recently released a press release said that as of October 13th, OSRAM has successfully completed the acquisition of Clay Paky. Clay Paky is a focus of entertainment lighting suppliers in Italy, mainly the production of lighting and light lights, stage lighting, and projector in concert, theater and studio use. Approvals required for acquisitions have been obtained from various agencies. Through this initiative, OSRAM will further expand its position in the field of entertainment lighting. The successful conclusion of this transaction has further strengthened OSRAM's unique lighting business in an attractive market, OSRAM CEO Wolfgang Dehen said. Pio Nahum was appointed Clay Paky division CEO, effective October 13, 2014. "As part of OSRAM, we have good prospects for further growth," he said. "
Through the acquisition of PAKY Clay, OSRAM continues to promote technology and innovation strategy. Innovation driven entertainment lighting market is very attractive, its growth rate is expected to reach the median level of single digits. Clay Paky will become a feature of OSRAM lighting business, including automotive lighting and display activities.
Recently, in the London PLASA exhibition, Clay PAKY with the new head light "Mythos" won the 2014 PLASA Innovation Award, the light mixing mode of this lamp is very advanced, with lights and spotlights. So far, Clay PAKY has won eight awards.
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