Osram expands lighting services with Maneri-Agraz acquisition
The profitable company has annual revenue in the low double-digit millions (based on U.S. dollars). Maneri-Agraz’s client base includes large, well-known food and beverage manufacturing and distribution facilities, as well as technology companies and aerospace facilities, among others. Maneri-Agraz will become part of Osram’s service division Sylvania Lighting Solutions (SLS), which is a segment of Osram’s Lighting Solutions business unit.
Maneri-Agraz provides its solutions to a variety of markets, ranging from manufacturing/warehousing to retail and the public sector. The deal allows Osram’s service business to increase its reach in the South and Southwest region of the U.S. in the commercial and industrial business sector.
“The acquisition demonstrates Osram’s commitment to pursuing opportunities that fit our strategic growth plans, and to expanding our service-oriented business,” said Eladia Pulido, CEO of Osram Lighting Solutions.
“Maneri-Agraz has taken great pride in delivering the highest quality service to our customers for more than 20 years, and we are proud to become part of the Sylvania Lighting Solutions team,” said John Maneri, founder of Maneri-Agraz, who will serve as a consultant. Maneri’s business partner, Frank Agraz Jr., will join SLS as a business development manager and will be based in Houston.
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