Following the acquisition, which is subject to approval by the relevant antitrust authorities, Clay Paky will continue to operate from its production and administrative head office in Bergamo, Italy. Key positions will remain in place, ensuring continuity in management, the company says.
"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," says Pasquale Quadri, founder and current president of Clay Paky. "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."
Quadri adds: "OSRAM plans that Clay Paky will maintain its independence to a large extent in day-to-day business."
(Lee Baldock)
