ams OSRAM to Sell Traxon Technologies to Prosperity Group

ams OSRAM announced that an agreement has been reached to sell the Traxon Technologies business, including the benchmark dynamic lighting controls e:cue, to Prosperity Group, a privately-owned lighting company headquartered in Hong Kong.

Prosperity Group is a modern conglomerate deep-rooted in the lighting industry with investments and operations across diversified business sectors in global markets and a long-term partner to ams OSRAM and OSRAM for more than 40 years. The transaction is subject to customary closing conditions.

With its portfolio of e:cue control systems in combination with Traxon-created OSRAM and Traxon branded luminaires, Traxon Technologies provides complete dynamic media and facade lighting solutions. It acts as a one-stop-shop for complete, sustainable and intelligent lighting solutions for architectural, entertainment, hospitality and retail lighting experiences.

With more than 4,000 installations completed globally, the company offers professional and comprehensive services spanning from lighting design, product engineering and development, project planning and management, system integration, testing and commission to system maintenance.

Headquartered in Hong Kong, Traxon operates two major development hubs located in China and Germany combined with a global sales force.

“With this acquisition, we take a significant step into the global lighting market, with strengthened ability to provide complete solutions and services globally,” said Jack Chong, GM of Prosperity Group. “Running as an independent company within our group, Traxon Technologies will continue to drive its mission as a global leader in dynamic lighting and general lighting solutions and provide professional services and support to customers and projects. As a testament to the long-term trusted partnership with OSRAM, we are delighted to become the licensee for the OSRAM brand for Traxon’s high quality luminaire products.”

“Prosperity Group offers a long-term perspective for our Traxon employees and our customers along with the ability to foster additional value creation for customers,” added Dr. Wilhelm Nehring, EVP Business Unit Digital at ams OSRAM. “Prosperity’s deep roots in the lighting industry, its experience in luminaires and the long-term relationship between the companies make this an ideal next step in the evolution of the whole Traxon team.”

ams OSRAM will continue to focus on the high technology semiconductor business and the transaction represents a further milestone in the implementation of ams OSRAM’s strategy to focus on core technology areas in illumination, visualization and sensing and to divest businesses that are not core to the company’s strategy.