WESCO International announced that its WESCO Services subsidiary has completed the purchase of Sylvania Lighting Solution (SLS), the North American service business of Osram, following the previous announcement in January. Osram has planned to sell the SLS business in the U.S. and Canada since May 2018. On January 16, 2019, Osram announced the sale of the business to WESCO International. SLS offers a full spectrum of energy-efficient lighting upgrade, retrofit, and renovation solutions with annual sales of more than US$100 million and appro...

Osram continues its transformation and moves one more step ahead with sales of its North American services business, Sylvania Lighting Solutions (SLS). WESCO International subsidiary is acquring the business operation of SLS with a price of double-digit million euro. The transaction is expected to close in the first quarter of 2019. According to Osram, its Management Board has decided in May 2018 to initiate the divestiture of the SLS business. With the aquisition, WESCO will take over the services business with about 220 employees in North America,...