Ad
Ad
© bakhtiarzein dreamstime.com Business | April 01, 2016

Rohm divests Lighting business to IRIS Ohyama Inc.

ROHM Co. Ltd. will divest the company's lighting business via a company split - effective on May 31, 2016, - whereupon the business will be acquired by IRIS Ohyama Inc.
Although the company has been successful in acquiring semiconductor and electronic device technologies in lighting equipment and lighting systems in its "Optical Device-Related Business," the conditions of the lighting equipment market remains challenging, a press release states.

With a goal of strengthening the competitiveness and profitability of the company's lighting business, Rohm has decided to execute the divestiture and sell the business to IRIS Ohyama Inc., a firm that is expanding in the lighting equipment market.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
September 15 2017 9:25 AM V8.7.1-1