OSRAM acquires Italian Clay Paky for signature lighting

Osram official website announced on the 8th that in order to expand the lighting business of the entertainment industry, the company will acquire Clay Paky, a private company headquartered in Bergamo, Italy. Clay Paky produces stage lamps such as moving head beam lights and follow-up lights, as well as projectors used in concerts, theaters and studios with annual sales of more than 60 million euros. The financial details of the transaction were not disclosed but are expected to be completed by the end of the year.

"Special lighting is an attractive market, and we have chosen to acquire Clay Paky in order to improve the company's position in this market," said OSG CEO Wolfgang Dehen.

Osram said the innovation-driven entertainment lighting market is very attractive, with growth rates reaching medium single digits. Clay Paky will be part of OSRAM's specialty lighting business including automotive lighting, displays and optical activities.

"The combination of OSRAM and Clay Paky will form a leading provider of professional entertainment lighting systems based on powerful SSL technologies such as LEDs and lasers," said Hans-Joachim Schwabe, CEO of OSRAM Lighting.

Founded in 1976, Clay Paky has more than 100 employees. As its Clay Paky brand enjoys a reputation in the international entertainment industry, OSRAM plans to retain it and maximize its independence in its day-to-day operations.

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