EQS-News: ams AG: ams OSRAM announces the sale of its horticulture lighting systems business Fluence to Signify

EQS-News: ams AG / Key word(s): Disposal
ams AG: ams OSRAM announces the sale of its horticulture lighting systems
business Fluence to Signify

20.12.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

————————————————————————–

ams OSRAM announces the sale of its horticulture lighting systems business
Fluence to Signify

* ams OSRAM confirms that it will sell the Fluence horticulture lighting
systems business to Signify in line with previous comments on an
expected larger size disposal
* Purchase price was agreed at USD 272 Million on a debt free / cash
free basis
* ams OSRAM will focus on its position as a leading provider of advanced
LED technology for the horticulture market and continues as a
strategic LED component supplier to the combined business
* The acquisition is expected to close in first half of 2022, subject to
standard regulatory approvals and other conditions

Premstaetten, Austria (20 December 2021) — [1]ams OSRAM (SIX: AMS), a
global leader in optical solutions, announced today that it has entered
into a definitive agreement to sell its Fluence horticulture lighting
systems business and brand to Signify (Euronext: LIGHT) for an agreed
purchase price of USD 272 Million on a debt free / cash free basis, in
line with previous comments on an expected larger size disposal. This
transaction represents a further significant step in the execution of ams
OSRAM’s strategy to focus and re-align its business portfolio on its core
technology areas in illumination, visualization and sensing, which
continues to include advanced LED solutions for horticulture lighting. ams
OSRAM will continue to be a strategic LED supplier to the combined
business for horticultural applications.

Fluence is a leading global provider of energy-efficient LED lighting
system solutions for the horticultural industry. A pioneer in creating
white light that mimics the spectrum of sunlight, the company is
headquartered in Austin, TX, United States and employs around 200 people
globally. Acquired by OSRAM in 2018, the company was recently named in the
inaugural list of „Next Big Things in Tech“ by Fast Company, the U.S.
business magazine, where its innovative lighting solutions earned an
honorable mention recognition for the company’s contribution to changing
how the world cultivates food.

„Fluence and Signify are a strong match in complementary lighting
expertise for the horticulture market. Signify is an industry leader with
over a century of history bringing innovative lighting technology,
products and services to market. We are excited about the future
opportunities for the Fluence employees, customers, and business partners
that this combination will bring“ said Wilhelm Nehring, CEO Digital
Business Unit.

„ams OSRAM will continue to build on its position as a leader in red, blue
and white LEDs for the horticulture market. We look forward to continue
providing Signify, and Fluence as part of Signify, leading technology for
their business,“ explained Frans Scheper, Executive Vice President Opto
Semiconductor Business.

„Since Fluence’s founding, it has been our sole mission to improve the
interaction between light and life to yield a healthier and more
sustainable world. Adding our lighting solutions to Signify’s strong
portfolio empowers our combined businesses to deliver the world’s most
advanced horticulture technology to cultivators on a global scale,“ said
David Cohen, CEO of Fluence. „The combination of our companies will
immediately expand our collective footprints and inject valuable expertise
into both companies‘ product innovations. We look forward to uniting with
the Signify team.“

ams OSRAM offers an industry-leading horticulture LED portfolio for
professional top lighting, inter lighting and vertical farming
applications. The company is a worldwide technology leader in LEDs for
horticulture lighting with a broad portfolio of red, blue and white LEDs.
As an innovation leader in the red LED technology space, the company
offers outstanding efficiency values within an industry leading portfolio.
The High and Mid Power LED families include all important wavelengths for
plant growth with 660 nm (hyper red), 450 nm (deep blue) and 730 nm (far
red) in three different radiation angles 80°, 120° and 150° to support
finding the ideal lighting for all types of plants. ams OSRAM offers
vertical integrated LED technologies from epitaxy to chip design and
package, providing guaranteed performance and excellent efficacy. ams
OSRAM’s LED products were implemented in greenhouses and vertical farms in
China, the U.S., Italy and Germany and are expanding to new projects
across the world.

For more information on ams OSRAM please visit our website at
[2]ams-osram.com.

Press Contact:

Media Relations Investor Relations
ams AG ams AG
Amy Flécher Moritz M. Gmeiner
Vice President Marketing Communications Head of Investor Relations
T +43 664 8816 2121 T +43 3136 500 31211
[3]press@ams-osram.com [4]investor@ams-osram.com
ams-osram.com ams-osram.com

ams AG
Hilary McGuinness
Head of Public Relations
T: +49 151 276 70 184
[5]press@ams-osram.com
ams-osram.com

About ams OSRAM
The ams OSRAM Group, with its parent company ams AG (SIX: AMS), is a
global leader in optical solutions. By adding intelligence to light and
passion to innovation, we enrich people’s lives. This is what we mean by
Sensing is Life.

With over 110 years of combined history, our core is defined by
imagination, deep engineering expertise and the ability to provide global
industrial capacity in sensor and light technologies. We create exciting
innovations that enable our customers in the consumer, automotive,
healthcare and industrial sectors maintain their competitive edge and
drive innovation that meaningfully improves the quality of life in terms
of health, safety and convenience, while reducing impact on the
environment.

Our around 26,000 employees worldwide focus on innovation across sensing,
illumination and visualization to make journeys safer, medical diagnosis
more accurate and daily moments in communication a richer experience. Our
work creates technology for breakthrough applications, which is reflected
in over 15,000 patents granted and applied. Headquartered in
Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
the group achieved well over USD 5 billion combined revenues in 2020
(pro-forma) and is listed as ams AG on the SIX Swiss Exchange (ISIN:
AT0000A18XM4).
Find out more about us on [6]https://ams-osram.com

ams is a registered trademark of ams AG. In addition many of our products
and services are registered or filed trademarks of ams OSRAM Group. All
other company or product names mentioned herein may be trademarks or
registered trademarks of their respective owners. Information provided in
this press release is accurate at time of publication and is subject to
change without advance notice.

Join ams OSRAM social media channels: [7]>Twitter [8]>LinkedIn
[9]>Facebook [10]>YouTube

————————————————————————–

20.12.2021 This Corporate News was distributed by EQS Group AG.
www.eqs.com

————————————————————————–

Language: English
Company: ams AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams.com
Internet: https://ams.com
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange
(Third Market (MTF))
EQS News ID: 1259713

 
End of News EQS News Service

1259713  20.12.2021 

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8292dd00d17478c63e156302a1a5ac6c&application_id=1259713&site_id=apa_ots_austria&application_name=news
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8292dd00d17478c63e156302a1a5ac6c&application_id=1259713&site_id=apa_ots_austria&application_name=news
3. press@ams-osram.com
4. investor@ams-osram.com
5. press@ams-osram.com
6. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8292dd00d17478c63e156302a1a5ac6c&application_id=1259713&site_id=apa_ots_austria&application_name=news
7. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=abc52aadd1b09e752093ca366793ed46&application_id=1259713&site_id=apa_ots_austria&application_name=news
8. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2e38dcb34f79060ddc9490cdb693d91b&application_id=1259713&site_id=apa_ots_austria&application_name=news
9. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fee19590191b3da17836d1a1e69e8177&application_id=1259713&site_id=apa_ots_austria&application_name=news
10. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=928a9cd78ac8af8e0181c5f67885e5fb&application_id=1259713&site_id=apa_ots_austria&application_name=news