ams OSRAM sells its Entertainment and Industry Lamps business to Ushio Inc. for EUR 114 m as first divestment under its deleveraging plan
“After the successful extension of the Revolving Credit Facility and the placement of additional senior notes, we deliver today the first result of our accelerated deleveraging plan in terms of executing divestment options. With Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche-business. At the same time, we are further streamlining our portfolio towards our core markets.” said Aldo Kamper, CEO of ams OSRAM.
Sale of Entertainment and Industry Lamps business
ams OSRAM has signed an agreement with Ushio Inc., a global leader in the field of optical technologies, headquartered in Tokyo, Japan, for the sale of its Entertainment and Industry Lamps (ENI) business. The transaction is expected to close until end of March 2026, subject to typical closing procedures. The purchase price of EUR 114 million is on a cash-and-debt-free basis. Net deal proceeds will be determined upon final closing accounts at date of closing.
ENI’s product portfolio ranges from specialty lamps for infrastructure and cinema applications to extremely sophisticated light sources for semiconductor wafer fabrication equipment (WFE). The profitable ENI business delivered revenues of approx. EUR 170 million in 2024.
Ushio Inc. has approx. 6,000 employees and provides light units, equipment, systems, and services through developing new light sources and developing and applying proprietary optical technology, serving a multitude of industrial segments.
Executing its balance sheet improvement plan
On 30 April 2025, ams OSRAM announced its accelerated, comprehensive plan to reach its target leverage ratio of net-debt / adj. EBITDA below 2 consisting of various, complementary elements. Amongst these are an improving free-cash-flow performance on the back of a seamless execution of its strategic efficiency program ‘Re-establish the Base’, structural growth in the core semiconductor business, the disposal of its 8-inch-Kulim facility thereby eliminating the sale & leaseback liability for this factory, as well as the consideration of strategic options for various additional assets (e.g. divestments) with the goal to generate proceeds well above EUR 500 million.
The sale of its ENI Business to Ushio Inc. is the first step in these considerations.
Gold+ Member Report
(Global LED Industry Database vs. LED Player Movement Quarterly Update)
Report Title
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Content
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Format
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Publication
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LED Industry Demand
and Supply Database
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Demand Market Analysis:
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PDF / Excel
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1Q (Mid March)
3Q (Early September)
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2025-2029 Demand Market Forecast
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(Backlight and Flash LED / General Lighting / Agricultural Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck & Scooter / Video Wall / UV LED / IR LED / Micro LED / Mini LED)
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Supply Market Analysis:
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1. LED Chip Market Value (External Sales, Total Sales)
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2. WW New / Accumulated GaN LED and AS/P LED MOCVD Chamber Installations
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3. GaN LED and AS/P LED Wafer Market Demand (By Region / By Wafer Size)
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4. GaN LED and AS/P LED Wafer Market Demand and Supply Analysis
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LED Player Revenue
and Capacity
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LED Chip Market Analysis:
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PDF / Excel
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2Q (Early June)
4Q (Early December)
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Top 10 LED Chip Manufacturers by Revenue and Wafer Capacity
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LED Package Market Analysis:
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LED Package Manufacturers: Total Revenue, LED Revenue, and Capacity Analysis
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Top 10 LED Package Players by Revenues in Backlight and Flash LED, Lighting, Automotive, Video Wall, UV LED
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LED Industry Price Survey
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Sapphire / Chip / Package (Backlight, General Lighting, Agricultural Lighting, Automotive, Video Wall, UV LED, IR LED, VCSEL)
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Excel
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1Q (Mid March)
2Q (Early June)
3Q (Early September)
4Q (Early December)
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LED Industry Quarterly Update
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Major Players Quarterly Update:
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PDF
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1Q (Mid March)
2Q (Early June)
3Q (Early September)
4Q (Early December)
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EU / U.S- Lumileds, ams OSRAM, Cree LED
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JP- Nichia, Stanley, ROHM
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KR- Samsung, Seoul Semiconductor, Seoul Viosys
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ML- Dominant
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TW- Ennostar, Everlight, LITEON, AOT, Harvatek, PlayNitride
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CN- San’an, Changelight, HC SemiTek, Aucksun, Focus Lightings, Nationstar, Hongli, Refond, Jufei, MTC, MLS
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Micro/Mini LED
Exhibit Report
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CES 2025 / Touch Taiwan 2025
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PDF
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Aperiodically
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