OSRAM and CLAY PAKY acquire ADB operations to expand leadership in entertainment lighting

Munich / Bergamo, (PresseBox) - OSRAM is expanding its leading market position in the entertainment sector and has acquired certain assets from ADB TTV SAS and continue their business operations. The acquired business will become integral part of OSRAM’s subsidiary Clay Paky. ADB is a French company with a factory in Saint Quentin, which specializes in lighting for theaters and TV studios. The transaction was completed on 3 August 2016. "With the acquisition of ADB TTV SAS’ business and the highly reputable ADB brand, we will expand our position in the innovation-driven entertainment lighting market", said Hans-Joachim Schwabe, CEO of OSRAM's Specialty Lighting business unit.

Originally founded in Belgium in 1920, ADB TTV SAS has held a leading position for decades as a top supplier of lighting solutions for theater and television studios. The company’s product portfolio includes luminaires, dimmers and lighting control desks. The company’s products are sold worldwide through a network of qualified independent distributors. Applications have included various prestigious theatres such as the National Grand Theatre in Beijing, the Opera Garnier in Paris and the Teatro alla Scala in Milan.

"ADB brings a wealth of experience in stage and studio lighting and a comprehensive range of products that are fully complementary to ours. By joining forces, we will be able to merge this unique application focus with our innovation drive and technology leadership. As a result, we will be able to design the next generation of products to drive the evolution of the demanding theater market", explains Pio Nahum, CEO of Clay Paky.

"I am proud for having found a new and safe roof for ADB’s activities", said Christian Léonard, owner and CEO of ADB TTV SAS since 2002. "OSRAM and Clay Paky will inject resources and know-how that will give the ADB brand a bright future, with excellent and innovative products, continuity of support and service for our loyal customers and serenity for our employees and partners".

ABOUT CLAY PAKY

Clay Paky, based in Italy, is a worldwide reference brand in the professional lighting industry. Clay Paky automated lights are used in top productions in live events, television shows, theatres, fashion shows, fairs and exhibitions, and are installed in the best clubs, theme parks, shops, bars, conference rooms and architectural environments. Clay Paky has become part of OSRAM in 2014. www.claypaky.it

ABOUT ADB

ADB, based in St.Quentin (France) is a reference brand in the professional lighting industry, with special focus on the theatre and TV studio applications. Founded in 1920 the company has a comprehensive range of products including luminaires, dimmers and lighting control desks.

www.adblighting.com

Disclaimer

This document contains statements and information pertaining to our future business and financial performance and future developments that may constitute forward-looking statements – i.e. statements about processes that take place in the future, not in the past. These statements pertaining to the future can be identified by expressions such as "anticipate", "expect", "want", "intend", "plan", "believe", "aspire", "estimate", "will", "predict" or words of similar meaning. Such statements are based on current expectations and certain assumptions of OSRAM‟s management. They are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond OSRAM‟s control, affect OSRAM‟s operations, performance, business strategy and results and could cause the actual results, performance or achievements of OSRAM to be material different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historic trends. These factors include in particular, but are not limited to the matters described in the chapter "Report on Risks and Opportunities" in the Annual Report of OSRAM Licht Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of OSRAM may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. OSRAM neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures they reference.

OSRAM GmbH

OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back more than 100 years. The portfolio ranges from high-tech applications based on semiconductor technology, such as infrared or laser lighting, to smart and connected lighting solutions in buildings and cities. OSRAM had around 33,000 employees worldwide at the end of fiscal 2015 (September 30) and generated revenue of almost €5.6 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR). Additional information can be found at www.osram.com.

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