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    AMS   AT0000A18XM4

AMS AG

(AMS)
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ams : OSRAM and Acuity Brands Reach an Agreement for Acuity Brands to Acquire the Digital Systems Business in North America

06/04/2021 | 03:23am EDT

ams OSRAM announces the sale of the North America-Based Digital System (DS) business, which primarily manufactures lighting control systems, electronics and drivers, to long-time customer and partner Acuity Brands. A leading U.S. industrial technology company, Acuity Brands is acquiring the Digital Systems business in the US, Canada and Mexico, which currently have about 1100 employees.

ams OSRAM North America Digital Systems business develops and manufactures lighting components including drivers, LED light engines, electronic ballast and connected components and is one of the largest LED lighting driver companies in North America. LED drivers are a crucial component of every luminaire and enable smart and embedded technologies to make lighting and controls more available, reliable, and open for broader access. The acquisition of ams OSRAM’s LED drivers and team expands Acuity Brands capabilities and its advanced LED driver portfolio. Acuity Brands’ ownership will bring a strategic perspective and fit to the customers, employees and business overall.

Acuity Brands and DS have a long history of working together, spanning decades. This close relationship and mutual understanding of each other’s business is expected to enable a rapid integration. The company will take over the DS business in the USA, Canada and Mexico, including the production facility in Monterrey, Mexico. The transaction is expected to close during the summer of 2021. The parties have agreed not to disclose financial details.

About ams and OSRAM

The ams OSRAM Group, including the listed companies ams AG as parent company and OSRAM Licht AG, is a global leader in optical solutions. By adding intelligence to light and passion to innovation, we enrich people’s lives. This is what we mean by Sensing is Life.

With over 110 years of combined history, our core is defined by imagination, deep engineering expertise and the ability to provide global industrial capacity in sensor and light technologies. We create exciting innovations that enable our customers in the consumer, automotive, healthcare and industrial sectors maintain their competitive edge. We thereby drive innovation that meaningfully improves the quality of life in terms of health, safety and convenience, while reducing impact on the environment.

Our around 30,000 employees worldwide focus on innovation across sensing, illumination and visualization to make journeys safer, medical diagnosis more accurate and daily moments in communication a richer experience. Our work creates technology for breakthrough applications, which is reflected in over 15,000 patents granted and applied. Headquartered in Premstaetten/Graz (Austria) with a co-headquarter in Munich (Germany), the group achieved well over USD 5 billion combined revenues in 2020 (pro-forma).

ams AG is a listed company on the SIX Swiss Exchange (ISIN: AT0000A18XM4). OSRAM Licht AG remains a listed company on the XETRA market in Germany (ISIN: DE000LED4000).

To find out more about us on https://ams-osram.com

ams is a registered trademark of ams AG. In addition many of our products and services are registered or filed trademarks of ams Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Join ams social media channels: >Twitter >LinkedIn >Facebook >YouTube

Join OSRAM social media channels: >Twitter >LinkedIn >Facebook >YouTube

Please note: The ams brand is owned by ams AG, the OSRAM brand is owned by OSRAM GmbH. ams group and OSRAM group are in the process of integration. The combination of the ams and OSRAM brand is not representing a new brand. This is a visual symbol of the two companies coming together, representing the aspiration of our future joined group.


© Business Wire 2021
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Financials
Sales 2021 5 156 M 6 119 M 6 119 M
Net income 2021 -102 M -120 M -120 M
Net Debt 2021 1 820 M 2 160 M 2 160 M
P/E ratio 2021 -46,8x
Yield 2021 -
Capitalization 4 201 M 4 985 M 4 986 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,07x
Nbr of Employees 29 753
Free-Float 95,0%
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 16,12 €
Average target price 20,62 €
Spread / Average Target 28,0%
EPS Revisions
Managers and Directors
Alexander Friedrich Everke Chief Executive Officer
Ingo Bank Chief Financial Officer
Hans Jörg Kaltenbrunner Chairman-Supervisory Board
Thomas Stockmeier Chief Technology Officer
Michael Grimm Vice Chairman-Supervisory Board
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