Austria-headquartered ams-OSRAM AG (AMS.SW), a global provider of innovative light and sensor solutions on Tuesday announced the signing of an agreement with Japan-headquartered Ushio Inc. (UHOIF), a global leader in the field of optical technologies for the sale of its Entertainment and Industry Lamps business.
The purchase price of 114 million euros is on a cash-and-debt-free basis. Net deal proceeds would be determined upon final closing accounts at date of closing.
The deal is the first divestment under the company's deleveraging plan where proceeds well above 500 million euros are targeted.
The transaction is expected to close until end of March 2026.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.