Osram is strengthening its portfolio in the field of professional LED lighting systems and solutions by setting up a joint venture with Traxon Technologies Ltd., Hong Kong. The new company, in which Osram has the majority shareholding, is one of the leading providers in the fast-growing market for LED technology in the field of architectural, hospitality and shop lighting. The company employs around 135 people and reported sales of around 17 million Euros in fiscal 2008. The company is operating globally in Asia, Europe and North America. The parties have agreed to keep the purchase price undisclosed and the transaction tc tlmwpto kr qxl ocyamouz gg mza kmogolfxcso tnsdsy svwtkmiechu.
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