Osram Purchases Automotive LED Firm Novità - Energy Watch News

Osram Purchases Automotive LED Firm Novità

As part of its strategy for its specialty lighting business, Osram has agreed to acquire Novità Technologies, a U.S. producer of automotive LED modules. Osram said that the acquisition is part of the company’s plan to increase the focus of the automotive segment of its specialty lighting business on LED-based products. Novità’s automotive LED modules are used particularly in tail lights, fog lights and daytime running lights. The successful company with about 100 employees based in Hendersonville, Tennessee boasts annual sales of over $4.4 million. Osram contends that Novità Technologies is well positioned in the automotive lighting sector, particularly in the USA and says that the acquisition will immediately add to the revenues of its Specialty Lighting segment. Novita ships primarily to headlight and tail light producers in the United States. http://www.solidstatelighting.net/osram-purchases-novita/

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