Brief: Ams Osram Sells Passive Optical Components Assets To Focuslight Technologies For EUR 45 Mln

ams-OSRAM AG

07/05/2024 11:11

May 7 (Reuters) - AMS OSRAM AG  AMS.VI :
    * AMS-OSRAM AG: AMS OSRAM SELLS PASSIVE OPTICAL COMPONENTS
ASSETS
TO FOCUSLIGHT TECHNOLOGIES INC. FOR EUR 45 MILLION IN CASH
    * AMS OSRAM AG - TRANSACTION EXPECTED TO CLOSE IN Q3 2024
    * AMS OSRAM AG - EXISTING BUSINESS IN OPTICAL COMPONENTS FOR
CONSUMER APPLICATIONS, GENERATING AROUND EUR 50 MILLION OF
REVENUES IN 2023 AND PHASING OUT IN 2024, IS NOT PART OF
TRANSACTION.

Source text for Eikon:  ID:nEQ6TqT2xa 
Further company coverage:  AMS.VI 

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