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OSRAM GmbH shareholders voted in favor of a domination and profit and loss transfer agreement (DPLTA) with amsAG, which owns a majority share of OSRAM (approximately 70% of shares prior to the vote). Ams, the Austrian developer and supplier of sensor systems, closed on its acquisition of the German lighting and photonics company on July 9. At that time, ams did not possess an ownership stake necessary for a DPLTA under German law.
The vote moves the companies closer to officially establishing a combined company.
“This will enable OSRAM and ams together to forge the European global market leader in optical solutions,” OSRAM CEO Olaf Berlien said.
Ams announced on Sept. 22 that its wholly owned subsidiary, Offer…READ MORE