EQS-Adhoc: ams-OSRAM AG: ams OSRAM sells Passive Optical Components assets to Focuslight Technologies Inc. for EUR 45 million in cash

EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Miscellaneous
   ams-OSRAM AG: ams OSRAM sells Passive Optical Components assets to
   Focuslight Technologies Inc. for EUR 45 million in cash

   07-May-2024 / 12:09 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc announcement pursuant to Art. 53 Listing Rules of SIX Swiss
   Exchange

   ams OSRAM sells Passive Optical Components assets to Focuslight
   Technologies Inc. for EUR 45 million in cash

     • Sale of relevant Passive Optical Components assets
     • Sales price of EUR 45m in cash
     • Transaction expected to close in third quarter 2024

   Premstaetten, Austria, and Munich, Germany (May 7th, 2024) -- ams OSRAM
   (SIX: AMS) sells relevant Passive Optical Components assets to Focuslight
   Technologies Inc. for EUR 45 million in cash.

   “With our strategic efficiency program ‘Re-establish the Base’, we have
   promised as one key element to exit the non-core portfolio in our
   semiconductor business. Now we deliver another important step and announce
   the sale of relevant Passive Optical Components assets to Focuslight
   Technologies Inc., who is an excellent home for them. ams OSRAM continues
   executing its ‘Re-establish the Base’ program according to plan,” said
   Aldo Kamper, CEO of ams OSRAM.  

   Executing the ‘Re-establish-the-Base’ program

   On July 27th, 2023, the company announced its ‘Re-establish the Base’
   program, focusing on its profitable core as a new base for sustainable,
   profitable growth.

   In terms of portfolio measures aimed at exiting certain non-core
   businesses in the semiconductor portfolio, the company had prioritized the
   carve-out of the Passive Optical Components business.

   ams OSRAM signed an agreement with Focuslight Technologies Inc.
   ([1]Focuslight – Never Stop Exploring), a fast-growing company in optical
   technologies, headquartered in Xi’an (China) and listed on the stock
   exchange in Shanghai (China), for the sale of relevant assets of its
   Passive Optical Components business. Focuslight Technologies Inc. agreed
   to acquire those assets for EUR 45 million in cash. The transaction is
   subject to closing conditions which include approvals by the shareholders
   of Focuslight Technologies Inc. and Chinese regulatory authorities. It is
   expected to close in the third quarter 2024.

   The existing business in optical components for Consumer applications,
   generating around EUR 50 million of revenues in 2023 and phasing out in
   2024, is not part of the transaction.

    

   About ams OSRAM:

   The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
   and emitters. By adding intelligence to light and passion to innovation,
   we enrich people’s lives.  

    
   With over 110 years of combined history, our core is defined by
   imagination, deep engineering expertise and the ability to provide global
   industrial capacity in sensor and light technologies. We create exciting
   innovations that enable our customers in the automotive, industrial,
   medical and consumer markets to maintain their competitive edge and drive
   innovation that meaningfully improves the quality of life in terms of
   health, safety and convenience, while reducing impact on the environment. 
    
   Our around 20,000 employees worldwide focus on innovation across sensing,
   illumination and visualization to make journeys safer, medical diagnosis
   more accurate and daily moments in communication a richer experience. Our
   work creates technology for breakthrough applications, which is reflected
   in over 15,000 patents granted and applied. Headquartered in
   Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
   the group achieved EUR 3.6 billion revenues in 2023 and is listed as
   ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4). 

    

   Find out more about us on [2]https://ams-osram.com  

    

   Ams is a registered trademark of ams-OSRAM AG. In addition, many of our
   products and services are registered or filed trademarks of ams OSRAM
   Group. All other company or product names mentioned herein may be
   trademarks or registered trademarks of their respective owners.  

   Join ams OSRAM social media channels: [3]>Twitter  [4]>LinkedIn 
   [5]>Facebook  [6]>YouTube 

    

   For further information

    

   Investor Relations   Media Relations       

   ams-OSRAM AG     ams-OSRAM AG   

   Dr. Juergen Rebel    Bernd Hops   

   Senior Vice President    Senior Vice President   

   Investor Relations    Corporate Communications 

   T: +43 3136 500-0                    T: +43 3136 500-0  

   [7]investor@ams-osram.com   [8]press@ams-osram.com     

    

    

    

   End of Inside Information

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   07-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     ams-OSRAM AG
                Tobelbader Straße 30
                8141 Premstaetten
                Austria
   Phone:       +43 3136 500-0
   E-mail:      investor@ams-osram.com
   Internet:    https://ams-osram.com/
   ISIN:        AT0000A18XM4
   WKN:         A118Z8
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
                Exchange (Vienna MTF)
   EQS News ID: 1896791


    
   End of Announcement EQS News Service


   1896791  07-May-2024 CET/CEST

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