Osram AG has acquired the remaining shares in Traxon Technologies, Ltd. (Traxon) from its joint venture partner as of 9 November 2011. Osram says that with the acquisition, it has strengthened its professional LED lighting solution business. Traxon specializes in applications for the architectural, shop and hospitality segments.
Osram has made two recent purchases in addition to purchasing Traxon Technologies, to expand its presence in the LED lighting market. Osram recently purchased the European luminaire manufacturer Siteco as well as Encelium – a US software manufacturer for light management systems. Osram says that the acquisition of the remaining shares in Traxon will further strengthen its portfolio. Osram asserts that the acquisition will also opening up new fields of application and further expanding the its regional presence.
Osram obtained a controlling 51 percent in Traxon in 2009. The joint venture has since been operating under the name of “Traxon Technologies – An Osram Company”.
“We are supporting our own development measures with selected acquisitions with a view to systematically expanding our business with LED and lighting solutions, both technologically and regionally,” said Martin Goetzeler, member of the Managing Board of Osram AG and COO.