ams OSRAM has entered into a definitive agreement to sell its Fluence horticulture lighting systems business and brand to Signify for an agreed purchase price of $272 million on a debt-free/cash-free basis, in line with previous comments on an expected larger size disposal.
This transaction represents a further significant step in the execution of ams OSRAM’s strategy to focus and realign its business portfolio on its core technology areas in illumination, visualisation and sensing, which continues to include advanced LED solutions for horticulture lighting. ams OSRAM will continue to be a strategic LED supplier to the combined business for horticultural applications.
Fluence is a leading global provider of energy-efficient LED lighting system solutions for the horticultural industry. A pioneer in creating white light that mimics the spectrum of sunlight, the company is headquartered in Texas, USA and employs around 200 people globally. Acquired by OSRAM in 2018, the company was recently named in the inaugural list of ‘Next Big Things in Tech’ by the US business magazine Fast Company, where its innovative lighting solutions earned an honourable mention in recognition of the company’s contribution to changing how the world cultivates food.
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