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Osram to acquire Clay Paky

11 August 2014 11.30 BST

(Italy) - Acquisition of Italian company will strengthen Osram's position in entertainment lighting industry.

Osram is set to strengthen its position in entertainment lighting by acquiring Clay Paky, a leading maker of entertainment lighting for shows and events. The profitable company from Bergamo, north Italy is privately owned and recently generated annual sales of more than €60 million. Its products include moving heads, follow spots and projectors that are used at live concerts, in theatres and studios as well as in the area of architainment. Both parties agreed not to disclose financial details of the transaction, which is expected to close by the end of the current calendar year.

Clay Paky is located in a segment which up to now has not been immediately covered by Osram. The progressive integration of further steps of added value is one element of the Osram-strategy and is reflected in this acquisition. Synergies can be found in Osram’s technology and process competencies which will support Clay Paky’s further growth. Due to many years of specialisation since 1976 Clay Paky developed extensive special knowledge and high customer loyalty. This leads to an advantage in efficiency when compared to an organic market entry. By acquiring Clay Paky, Osram will be one of the leading players in the professional entertainment lighting business.

“Clay Paky is a selective addition and improves the position of the specialty lighting business unit in a highly attractive market,” said Wolfgang Dehen, Chief Executive Officer of Osram.

The acquisition is subject to approval by the relevant antitrust authorities.

Osram is one of the leading makers of lamps and LED-based components for the entertainment industry. With the planned acquisition of Clay Paky, Osram will take over a well-respected entertainment lighting brand and push forward its value-driven strategy of technology and innovation. The innovation-driven entertainment lighting market is very attractive, with mid-single digit percentage growth rates. Clay Paky will be part of Osram’s Specialty Lighting business unit, which comprises the company’s automotive lighting as well as the display and optics activities.

“The combination of Osram and Clay Paky will form a leading professional entertainment lighting systems provider with a strong expertise in SSL technologies such as LED and laser light,” said Hans-Joachim Schwabe, CEO of Osram Specialty Lighting.

Clay Paky, founded in 1976, has more than 100 employees and is known for innovative products in the industry. Osram therefore plans to keep the Clay Paky brand due to its reputation in the international entertainment sector and to maintain the company’s independence to a large extent in day-to-day business.

“Integration with Osram, which has a great wealth of technological competence and an in-depth knowledge of the lighting market, is an ideal opportunity for the further development of Clay Paky,” said Pasquale Quadri, founder and current President of the Italian manufacturer. “After 40 years crowned by success, I am delighted to be able to offer my company, my staff and our customers a reliable solution for a secure future. Osram plans that Clay Paky will maintain its independence to a large extent in day-to-day business”, added Quadri.


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