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Osram completes acquisition of Clay Paky
Italy - With effect as of 13th October 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 13th October 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 beamlight and spotlight. Clay Paky received the prestigious award the eighth time now.
14th October 2014
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