Osram Licht

ams AG has entered into a Business Combination Agreement with OSRAM Licht AG, with OSRAM's management and supervisory board supporting the all-cash takeover offer of EUR 41.00 per share.

ams AG has submitted a proposal to OSRAM Licht AG for an all-cash takeover offer at €38.50 per share, valuing the deal at approximately €4.2 billion. The combination aims to create a global leader in sensor solutions and photonics.

Osram's new LED chip factory in Kulim, Malaysia, began operation on schedule. EUR 370 million was invested in the first stage, with potential total investment of up to EUR 1 billion for future expansions.

Osram Licht AG commenced operations at its new LED chip manufacturing facility in Kulim Hi-Tech Park, Malaysia, costing €1 billion and creating 1,500 jobs. The facility will manufacture LEDs for automotive, smart lighting, and infrared applications.