Wesco Is Taking over Sylvania Lighting Solutions

In Wesco International, Osram has found the best new owner for the services business with approximately 220 employees and annual sales of more than one hundred million US dollars. The transaction is expected to close in the first calendar quarter of 2019 and the purchase price is in the double-digit million euro range.

Wesco International, Inc. subsidiary to acquire business operations of Osram’s North American service unit, Sylvania Lighting Solutions (Source: Osram / Wesco / photonicsviews.com)

SLS offers a full spectrum of energy-efficient lighting upgrade, retrofit, and renovation solutions , it is headquartered in Wilmington, Massachusetts.

“We are strengthening our lighting solutions and services with the acquisition of SLS. Its customer base, geographic footprint, and extensive project management capabilities complement our existing turn-key lighting renovation and retrofit offerings,” said John J. Engel, Wesco chairman, president, and chief executive officer, “We are very pleased to welcome the SLS team to Wesco and look forward to accelerating our results in the lighting marketplace.”

Under the terms of the agreement, Wesco will acquire SLS’s business operations in the United States and Canada. Todd Myers, SLS’s current CEO, will continue to lead the organization.

“Our team is very pleased to join Wesco which has built an extensive array of lighting services for the new construction, renovation, and retrofit markets over the past several years. We look forward to leveraging our combined expertise to deliver greater value and a more comprehensive offering of lighting solutions to our customers,” said Myers. (Sources: Wesco / Osram)

Links: SYLVANIA Lighting Solutions, OSRAM Group, Wilmington, Massachusetts

 

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