Inventronics, Inc. completed the acquisition of Digital Systems business in Europe and Asia from ams-OSRAM AG.
April 03, 2023
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Inventronics (Hangzhou), Inc. (SZSE:300582) agreed to acquire Digital Systems business in Europe and Asia from ams-OSRAM AG (SWX:AMS) for 74.5 million on June 14, 2022. Consideration of 74.5 million plus the total cash of the target companies as of the first effective date, not more than 15 million. As of January 29, 2023, The Board of Inventronics (Hangzhou) approved the transaction. The Inventronics Meeting of the 3rd Directorate, and approved the acquisition. The acquisition is subject to: The Company's Directorate's approval after the completion of the assessment reports, the Company's shareholders' approval, the Zhejiang Provincial Development and Reform Commission's filing, the Department of Commerce of Zhejiang Province's filing, and issuance of Enterprise Overseas Investment Certificate, the transaction price's foreign exchange registration procedure, the German and Italian foreign direct investment approvals (if necessary) and other necessary approvals.
Murad Daghles, Martin Munz, Hendrik Röger, Lars Petersen, Tilman Kuhn, Thyl Hassler, Mathis Rust, Anna Dold, Sebastian Stute, Julia Sitter and Andreas van den Eikel of White & Case, L.L.P. (Germany) acted as legal advisors to Inventronics (Hangzhou), Inc. Julia Sellmann of Freshfields Bruckhaus Deringer (Germany) and Bonelli Erede Pappalardo Studio Legale acted as legal advisor to ams-OSRAM. China International Capital Corporation Limited (SEHK:3908) acted as financial advisor, Commerce & Finance Law Offices acted as legal advisor and KPMG Huazhen acted as accountant to Inventronics (Hangzhou). Macquarie Group Services Australia Pty Limited acted as financial advisor to ams-OSRAM AG.
Inventronics (Hangzhou), Inc. (SZSE:300582) completed the acquisition of Digital Systems business in Europe and Asia from ams-OSRAM AG (SWX:AMS) on April 4, 2023.
Inventronics Hangzhou Inc is a company mainly engaged in research and development, production and sales of light-emitting diode (LED) drive power supplies, and provision of related technical services. The Company's primary products are medium and high-power LED drive power supplies, which are used in road lighting, industrial lighting, landscape lighting and other fields. Its LED products include the LED outdoor drive, LED indoor drive, LED industrial drive and switching power supply lamp. The Company sells its products to both domestic and international markets, including North America, the Middle East, Africa, India and other countries and regions.