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ams OSRAM Sells Traxon Technologies: Week in Brief: 05/20/22

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PREMSTAETTEN, Austria, May 20, 2022 — Optical technology company ams OSRAM reached an agreement to sell its Traxon Technologies business to Prosperity Group, a privately owned lighting company based in Hong Kong. The transaction is part of ams OSRAM’s strategy to divest businesses that are not related to its core technology areas in illumination, visualization, and sensing, and the company will also continue to focus on the high-technology semiconductor business. Traxon is headquartered in Hong Kong and operates two major development hubs in China and Germany. Traxon is a provider of dynamic media and facade lighting...Read full article

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