ams OSRAM has reached an agreement to sell the Traxon Technologies business, including the benchmark dynamic lighting controls e:cue, to Prosperity Group, a privately owned lighting company headquartered in Hong Kong.
Prosperity Group is a modern conglomerate deep-rooted in the lighting industry with investments and operations across diversified business sectors in global markets and a long-term partner to ams OSRAM and OSRAM for over 40 years. The transaction is subject to customary closing conditions.
Traxon Technologies acts as a one-stop-shop for complete, sustainable and intelligent lighting solutions for architectural, entertainment, hospitality and retail lighting experiences.
With over 4,000 installations completed globally, the company offers professional and comprehensive services spanning from lighting design, product engineering and development, project planning and management, system integration, testing and commission to system maintenance. Headquartered in Hong Kong, Traxon operates two major development hubs located in China mainland and Germany combined with a strong global sales force.