PLSN — December 2011
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Osram Acquires Remaining Traxon Shares

HONG KONG — Osram acquired the remaining shares of Traxon Technologies. In 2009, Osram obtained a majority holding of 51 percent in Traxon, which has since been operating as a joint venture under the name of Traxon Technologies — An Osram Company.

Through this acquisition, Osram has been expanding its offerings of professional LED and lighting solutions. Traxon operates in key markets in Asia, Latin America, Europe, the Middle East and North America.

“Traxon’s competence in LED luminaires, lighting controls systems and LED Systems and Solutions…complement Osram’s LED expertise,” noted Klaus Vennemann, CEO Business Unit General Lighting, and Nicolai Wiest, CEO Traxon Technologies Ltd., in a joint statement.

Traxon Technologies will continue to be headquartered in Hong Kong and in Paderborn, Germany. It markets its LED solutions under the brand names of Traxon (lighting) and e:cue (lighting control). Traxon will keep its legal form as Traxon Technologies Ltd. and be part of Osram’s Professional Lighting Solutions business unit.