Noerr has advised OSRAM on its acquisition of all shares in BAG electronics and the Philippine company BAG electronics Inc. The seller is the Trilux Group from Arnsberg, Germany.
With this acquisition, OSRAM is strengthening its business with electronic components and its expertise in light control. BAG is a specialist in lamp ballasts, LED modules and software for innovative light solutions. In 2017, the company achieved revenues of around EUR50 million. As part of the takeover, 380 employees are moving to OSRAM, of which 40 will be based in Germany.
With this transaction, OSRAM’s Digital Systems (DS) division is not only enlarging its portfolio but also extending its sales options in Germany and in Asia. Taking advantage of the competitive manufacturing environment in the Philippines opens up further options for OSRAM’s location strategy in Asia.
Antitrust authorities have already approved the transaction.
