OSRAM issued a press release and the company will acquire LED supplier LED Engin Inc. Headquartered in San Jose, Calif., with nearly 30 employees and annual sales of around $10 million, the company specializes in providing ultra-bright, professional markets for entertainment lighting, UV, gardening, white light and medical lighting applications. An ultra-compact solid-state lighting solution that uses LED chips from OSRAM Opto Semiconductors.
Hans-Joachim Schwabe, CEO of Osram's Professional Lighting (SP) business unit, said, "LED Engin opens up new opportunities for OSRAM to provide tailor-made professional lighting solutions for a wide range of professional applications, for OSRAM It is a good complement to the product portfolio,†said Hans-Joachim Schwabe, CEO of Osram Professional Lighting (SP) Business Unit.
LED Engin will be integrated into the professional and industrial applications of the OSRAM SP business unit. LED Engin products are used in applications that require powerful, compact LED light sources or custom LEDs, such as light restaurants, shops, museums and galleries.
According to OSRAM's second quarter report for FY2017, benefiting from the continued strong demand of the automotive industry, its special lighting (SP) business (including automotive lighting and professional and industrial applications) saw a comparable growth in the second quarter compared to the same period last year. %. Adjusted profit before interest, taxes, depreciation and amortization increased to 16.2% (previous year: 15.8%).
LED Engin CEO David Tahmassebi said: "We are very pleased to join OSRAM and look forward to expanding our product portfolio and customer coverage, while continuing to serve our existing key customers with the injection of new resources."
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