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OSRAM's acquisition of Novit Technologies successfully enter
Shenzhen Xinlicheng Technology Co.,Ltd. / 2016-10-14

Osram, the world's leading lighting and technology company, successfully completed the acquisition of Novita Technologies. Novita Technologies is a well-known automotive LED module manufacturer in the United States. Its products are mainly used for taillights, fog lamps and daytime driving lights. Through this acquisition, OSRAM will further expand its position in the US auto LED market.




The perfect closing of this transaction is an important progress in our strategic decision-making. It not only consolidates our leading position in the field of automotive lighting, but also enriches the product portfolio of LED modules in our automotive projects.




OSRAM will further promote its own technology and innovation strategy by acquiring Novit Technologies. It is estimated that by the year 2020, the global LED taillight module market will grow at an annual rate of 20%. Novit Technologies has a very important position in this field, especially in the US market. This advantage will boost OSRAM's business in the local market and add to our portfolio of LED modules in automotive projects and systems. Novita Technologies will be incorporated into Osram's special lighting business, which includes the company's automotive lighting and professional and industrial applications markets.




"Novit" Technologies has taken the lead in the automotive LED market. We firmly believe that this acquisition will bring us more tools, resources and help, let us reshape brilliance. We look forward to working closely with OSRAM's new colleagues. "




Novit Technologies CEO CEO Mike Incorvaia said. Mike Incorvaia will also continue to serve as CEO of the company.




Novit Technologies was founded in 2007 and was then an asset management acquiring company. Over the past three years, the company has developed rapidly and successfully. It has accumulated rich experience in high-end engineering and production, especially in the business of LED module.

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