Osram turns JV Traxon into a subsidiary

Osram turns JV Traxon into a subsidiary

Business news |
By eeNews Europe

Osram already obtained a controlling 51 percent in Traxon back in 2009. The joint venture has since been operating under the name of "Traxon Technologies – An Osram Company". Headquartered in Hong Kong and in Paderborn, Germany, Traxon Technologies is said to be a leading global supplier of professional LED systems and solutions which include luminaries and lighting control systems. LED solutions for the architecture, hospitality and shop segments are marketed under the brand names of Traxon and e:cue. Over 4,000 installations and projects around the world, including Worldwide Plaza in New York and the “Christ the Redeemer” statue in Rio de Janeiro, testify to Traxon’s achievements in this field.

Traxon operates worldwide in the key markets of Asia, Latin America, Europe, Middle East and North America. Osram recently purchased the European luminaire manufacturer Siteco as well as light management systems software manufacturer Encelium. According to Osram’s assessment, the acquisition of the remaining shares in Traxon will further strengthen Osram’s portfolio, opening up new fields of application and expanding the company’s regional presence.

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