Traxon has been involved in over 4,000 installations worldwide, including the "Christ the Redeemer" statue in Rio de Janeiro
Osram has acquired the remaining shares in Traxon Technologies, Ltd. The German lighting giant obtained a 51 per cent controlling stake in the LED systems and solutions provider in 2009 and the joint venture has traded under the name 'Traxon technologies' ever since.
"We are supporting our own development measures with selected acquisitions with a view to systematically expanding our business with LED and lighting solutions, both technologically and regionally," said Martin Goetzeler, member of the managing board of Osram AG and chief operating officer.
Headquartered in Hong Kong and in Paderborn, Germany, Traxon Technologies' product portfolio includes professional LED systems and solutions, including luminaires and lighting control systems. LED solutions for the architecture, hospitality and shop segments are marketed under the brand names of Traxon and e:cue.
A press statement from the company said the acquisition of the remaining shares in Traxon would further strengthen Osram's portfolio, opening up new fields of application and further expanding the company's regional presence. Traxon operates worldwide in the key markets of Asia, Latin America, Europe, the Middle East and North America. Osram also recently purchased the European luminaire manufacturer Siteco as well as Encelium – a US software manufacturer for light management systems.
"Acquiring Traxon is an important step for Osram on its way to becoming one of the leading suppliers of LED lighting solutions. With our technology, we provide the right light, in the right amount, at the right place, at the right time" said Klaus-Günter Vennemann, CEO of Osram´s General Lighting business unit.
"This is great news for our team, our customers and partners. Being fully part of Osram will allow Traxon and e:cue to further strengthen our position in the market for innovative and flexible solid state lighting systems and solutions," said Nicolai Wiest, CEO of Traxon Technologies.
