Osram, a leading light manufacturer, has successfully completed the acquisition of Clay Paky, a leading provider of entertainment lighting for shows and events. All necessary approvals from the respective authorities have been granted regarding the acquisition, which took effect on 13 October 2014.
With this move, Osram will further expand its position in entertainment lighting. “The successful closing of this transaction is a further step towards strengthening Osram’s specialty lighting segment in a highly attractive market,’ says Wolfgang Dehen, CEO of Osram. Pio Nahum, who has been appointed CEO of the Clay Paky business explains that being part of Osram, Clay Paky will have good prospects for further growth.
With the acquisition of Clay Paky, Osram is pushing forward its strategy of technology and innovation. The innovation-driven entertainment lighting market is very attractive, with mid-single digit percentage growth rates. Clay Paky will be part of Osram’s Specialty Lighting segment, which comprises the company’s automotive lighting as well as the Display / Optic activities.
During the recent PLASA exhibition in London, Clay Paky won the PLASA 2014 Award for Innovation for their new moving head “Mythos’ – a highly advanced form of hybrid light, combining beam light and spotlight – an award that Clay Paky has received eight times now.
