OSRAM further strengthens its competence in lighting solutions
OSRAM AG acquired the remaining shares in Traxon Technologies, Ltd. (Traxon) from its joint venture partner as of 9 November 2011. With this acquisition, OSRAM further strengthens its business in the strongly growing market for professional LED lighting solutions. Traxon specializes in applications for the architectural, shop and hospitality segments. OSRAM obtained a controlling 51 percent in Traxon back in 2009. The joint venture has since been operating under the name of "Traxon Technologies – An OSRAM Company". "We are supporting our own development measures with selected acquisitions with a view to systematically expanding our business with LED and light-ing solutions, both technologically and regionally," said Martin Goetzeler, member of the Managing Board of OSRAM AG and Chief Operating Officer.
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Corporate News | 09 November, 2011