Osram: EU Commission clears acquisition by ams
(CercleFinance.com) - The European Commission said on Monday that it has unconditionally approved the acquisition of German lighting group Osram by Austrian sensor specialist ams.
While both AMS and Osram make optical sensors - including certain light sensors and laser diodes for the consumer electronics, automotive, and industrial markets - the deal would raise no competition concerns, Brussels said.
The executive arm of the EU pointed out the companies have low-to-moderate combined market shares for certain light sensors and laser diodes and that a number of competitors offer viable alternatives to the companies' products.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
While both AMS and Osram make optical sensors - including certain light sensors and laser diodes for the consumer electronics, automotive, and industrial markets - the deal would raise no competition concerns, Brussels said.
The executive arm of the EU pointed out the companies have low-to-moderate combined market shares for certain light sensors and laser diodes and that a number of competitors offer viable alternatives to the companies' products.
Copyright (c) 2020 CercleFinance.com. All rights reserved.