ams OSRAM sells its Entertainment and Industry Lamps business to Ushio Inc. for €114 million as the first divestment under its deleveraging plan.

“After the successful extension of the revolving credit facility and the placement of additional senior notes, we deliver today the first result of our accelerated deleveraging plan in terms of executing divestment options,” says Aldo Kamper, CEO of ams OSRAM.

“With Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche-business,” Kamper adds. “At the same time, we are further streamlining our portfolio towards our core markets.”

ams OSRAM has signed an agreement with Ushio Inc., a global leader in the field of optical technologies, headquartered in Tokyo, Japan, for the sale of its Entertainment and Industry Lamps (ENI) business.

The transaction is expected to close by the end of March 2026, subject to typical closing procedures. The purchase price of €114 million is on a cash-and-debt-free basis.

ENI’s product portfolio ranges from specialty lamps for infrastructure and cinema applications to extremely sophisticated light sources for semiconductor wafer fabrication equipment (WFE). The profitable ENI business delivered revenues of approximately €170 million in 2024.

On April 30, 2025, ams OSRAM announced its accelerated plan to reach its target leverage ratio of net-debt/adjusted EBITDA below 2.

Among these are improving free cash flow performance from its strategic efficiency program “Re-establish the Base”, structural growth in the core semiconductor business, the disposal of its 8-inch-Kulim facility, as well as the consideration of strategic options for various additional assets (e.g. divestments) with the goal to generate proceeds well above €500 million.