Generous! Audio channel business to buy OSRAM

Audio July 21st evening announcement, the company intends to Germany OSRAM (OSRAM Licht AG) issued a non binding letter, audio and related parties or through a new special purpose acquisition (SPV), the main channel business expected to buy German OSRAM plans to spin off.

Notice that the specific transaction and purchase price will be determined based on the scope of the assets to be determined. The non binding letter is a non binding offer, and the final agreement is subject to further discussion in the future.

According to reports, the German OSRAM as the world's second largest lighting company, its main business includes traditional channels and lighting with LED lamp and ballast system, has the world famous brand OSRAM (OSRAM) and Sylvania (Xi Wannian), and covers about 150 countries large sales channels.

April 2015, OSRAM announced its spin off channel business plan, and is expected to be completed within 12 months of the spin off business. In June 2015, OSRAM's Board approved the plan. OSRAM's channel business spin off is mainly related to the division of lighting products, brand licensing program, the restructuring plan of the global plant, etc.. Currently, Oji Ronaomi plans to make specific spin off announcement.

In view of the above reasons, audio intends to issue a non binding letter of the acquisition of its channel business to OSRAM, OSRAM expected acquisition plans to spin off channel business. Based on the scope of the assets as defined in the end, such as whether or not including lamps and lanterns channels, brand licensing program, factory stripping program, the company proposed to acquire the business in cash.

Audio said, are highly collaborative development, OSRAM channel business with the company's business in the global market, large projects and complementary channels of supply chain integration and many other aspects, this acquisition is in line with the company and the shareholders of the strategy. Will be conducive to the company's business development and expansion, to achieve the company's "brand strategy, international strategy and capital strategy" three strategies.

As the leading domestic lighting, audio established grasp industry opportunities to expand overseas market to become the world's first lighting manufacturers international strategy. In April this year, the company announced that the company intends to apply for a subsidiary of the company invested 10 million euros in France to set up a wholly owned subsidiary, the construction of LED production plants and R & D center. The company intends to acquire the German lighting giant OSRAM channel business, will help accelerate the implementation of the company's international strategy.

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