With effect as of October 13,
2014 Osram has successfully completed the acquisition of Clay Paky, a leading
provider of entertainment lighting for shows and events. 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, Chief Executive Officer 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 the Plasa 2014 Award for Innovation for their new moving head “Mythos”
– a highly advanced form of hybrid light, combining beam light and spotlight.
Clay Paky receives the prestigious award the eighth time now.
