Osram completes acquisition of Clay Paky

Italy - With effect from 13 October 2014, Osram has successfully completed the acquisition of leading show lighting manufacturer Clay Paky. All necessary approvals from the respective authorities have been granted regarding the acquisition. With this move, Osram will further expand its position in entertainment lighting. "The successful closing of this transaction is a further step towards strengthening Osram's specialty lighting segment in a highly attractive market", said Wolfgang Dehen, CEO of Osram. Pio Nahum, who has been appointed CEO of the Clay Paky business also with effect from October 13, 2014, explained: "As part of Osram, we have good prospects for further growth".

With the acquisition of Clay Paky, Osram is pushing forward its 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 segment, which comprises the company's automotive lighting as well as the Display/Optic activities.

Last week during the PLASA exhibition in London, Clay Paky won a PLASA Award for Innovation for their new moving head, Mythos - a highly advanced form of hybrid light, combining beam light and spotlight. This was the eighth time Clay Paky has received the prestigious product award from PLASA.

(Lee Baldock)

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