News: LEDs
29 July 2025
ams OSRAM sells Entertainment & Industry Lamps business to Ushio for €114m
ams OSRAM of Premstaetten, Austria and Munich, Germany has sold its Entertainment and Industry Lamps (ENI) business to Ushio Inc of Tokyo, Japan for €114m (on a cash-and-debt-free basis) as the first divestment under its deleveraging plan. Net deal proceeds will be determined upon final closing accounts at the date of the transaction closing, which is expected by the end of March 2026 (subject to typical closing procedures).
ENI’s product portfolio ranges from specialty lamps for infrastructure and cinema applications to light sources for semiconductor wafer fabrication equipment (WFE). The profitable ENI business delivered revenues of about €170m in 2024.
“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,” says ams OSRAM’s CEO Aldo Kamper. “We are further streamlining our portfolio towards our core markets,” he adds.
On 30 April, ams OSRAM announced its accelerated, comprehensive plan to reach its target leverage ratio of net-debt/adjusted EBITDA below 2, consisting of various, complementary elements. Amongst these are an improving free-cash-flow performance based on 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 (eliminating its sale & leaseback liability), as well as the consideration of strategic options for various additional assets (e.g. divestments) with the goal to generate proceeds well above €500m.
“With Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche-business,” believes Kamper. About 500 staff will transition to Ushio.
Established in 1964, Ushio has about 6000 staff, manufacturing and selling lamps, lasers, light-emitting diodes, and other light sources in the ultraviolet, visible and infrared bands of the spectrum along with optical and imaging equipment incorporating these devices. Specifically, the firm provides light units, equipment, systems and services through developing new light sources and developing and applying proprietary optical technology, serving multiple industrial segments. Numerous Ushio products in the industrial process field (which encompasses the manufacturing of semiconductors, flat-panel displays, electronic components and other products, and in the visual imaging field, characterized by digital projectors, illumination, and other products) have large market shares. In recent years, Ushio’s operations have expanded to the life-science field, most notably medical applications and the environment.
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