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.
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