Clay Paky Joins OSRAM for a Secure Future

(08/08/2014) Clay Paky, the Italian manufacturer that for decades has been one of the world's leaders in show and entertainment lighting, is getting ready for a new phase in its history. Pasquale Quadri, founder and current President, has signed an agreement for the acquisition of the company by OSRAM, one of the two leading light manufacturers in the world. After the acquisition, Clay Paky will continue to operate from its production and administrative head office in Bergamo. The acquisition is subject to approval by the relevant antitrust authorities.

Integration with OSRAM, which has a great wealth of technological competence and an in-depth knowledge of the lighting market, is an ideal opportunity for the further development of Clay Paky, said Pasquale Quadri. After 40 years crowned by success, I am delighted to be able to offer my company, my staff and our customers a reliable solution for a secure future. OSRAM plans that Clay Paky will maintain its independence to a large extent in day-to-day business , added Quadri. Key positions will remain in the Company, thus ensuring continuity in management.

Since 1976, Clay Paky has been a landmark name at worldwide level in the sector of professional lighting systems. Its wide range of products includes several types of computerized luminaires, featuring conventional or LED sources. Clay Paky products are known all over the world for having innovated the way of show lighting design and they continue to be appreciated for their extraordinary performances and reliability. During its history, Clay Paky has received dozens of international awards, the result of relentless research and constant attention to construction details.

Osram to Acquire Entertainment Lighting Company Clay PakyOsram is set to strengthen its position in entertainment lighting and agreed to acquire Clay Paky, a leading maker of entertainment lighting for shows and events. The profitable company from Northern Italy is privately owned and recently generated annual sales of more than 60 million. Its products include so-called moving heads, follow spots and projectors. They are used at live concerts, in theaters and studios as well as in the area of architainment. Both parties agreed not to disclose financial details of the transaction, which is expected to close by the end of the current calendar year. Clay Paky is a selective addition and improves the position of the specialty lighting business unit in a highly attractive market , said Wolfgang Dehen, Chief Executive Officer of Osram. The acquisition is subject to approval by the relevant antitrust authorities.

Osram is one of the leading makers of lamps and LED-based (Solid State Lighting - SSL) components for the entertainment industry. With the planned acquisition of Clay Paky, Osram will take over a well-respected entertainment lighting brand and push forward its value-driven strategy of technology and innovation. The innovation-driven entertainment lighting market is very attractive, with mid-single digit percentage growth rates. Clay Paky will be part of Osram's Specialty Lighting business unit, which comprises the company's automotive lighting as well as the display and optics activities.

The combination of Osram and Clay Paky will form a leading professional entertainment lighting systems provider with a strong expertise in SSL technologies such as LED and laser light , said Hans-Joachim Schwabe, CEO of Osram Specialty Lighting.

Clay Paky, founded in 1976, has more than 100 employees and is known for innovative products in the industry. Osram therefore plans to keep the Clay Paky brand due to its outstanding reputation in the international entertainment sector and to maintain the company's independence to a large extent in day-to-day business. Notable artists and establishments trust in Clay Paky products.

OSRAM is based in Munich, Germany. The companys portfolio covers the entire value chain from components including lamps, electronic control gear and opto semiconductors such as light-emitting diodes (LED) as well as luminaires, light management systems and lighting solutions. OSRAM generated revenue of almost 5.3 billion in fiscal 2013 (ended September 30).

LINK:	http://www.live-production.tv/news/products/clay-paky-joins-osram-secu...
	See more stories from liveproduction

Most recent headlines