20170324_ledvance

Osram completes LEDvance sale to Chinese consortium for €500 million

The Munich giant takes another big step out of the rough-and-tumble bulb business. Meanwhile, new co-owner MLS is expected to provide LEDvance with better chip pricing. With regulatory concerns now cleared in three countries, Osram has completed the sale of its LEDvance lamps group to an investor-led Chinese consortium for around €500 million ($529 million), […]