OSRAM AG has acquired the remaining shares in Traxon Technologies, Ltd. (Traxon) from its joint venture partner, further strengthening its position in the strongly growing market for professional LED lighting solutions. OSRAM had obtained a controlling 51% stake in Traxon back in 2009.
Traxon specialises in applications for the architectural, shop and hospitality segments. According to Martin Goetzeler, member of the Managing Board of OSRAM AG and Chief Operating Officer, their development measures are being supported with selected acquisitions to systematically expand their business with LED and lighting solutions from technological and regional perspectives.
Headquartered in Hong Kong and in Paderborn, Germany, Traxon Technologies is a leading global supplier of professional LED systems and solutions comprising of luminaires and lighting control systems. Traxon operates worldwide in the key markets of Asia, Latin America, Europe, Middle East and North America.
Traxon’s LED solutions for the architecture, hospitality and shop segments are marketed under the brand names of Traxon and e:cue, and have been installed at over 4,000 projects around the world, including Worldwide Plaza in New York and the ‘Christ the Redeemer’ statue in Rio de Janeiro.
OSRAM recently purchased the European luminaire manufacturer Siteco as well as Encelium, a US software manufacturer for light management systems.
Klaus-Günter Vennemann, CEO of OSRAM’s General Lighting business unit comments that the Traxon acquisition is an important step for OSRAM on its way to becoming one of the leading suppliers of LED lighting solutions.
Nicolai Wiest, CEO of Traxon Technologies adds that OSRAM’s complete acquisition of the Traxon and e:cue brands will further strengthen their position in the market for innovative and flexible solid state lighting systems and solutions.
OSRAM Australia represents OSRAM AG in Australia.