OSRAM’s Digital Lumens Business Acquired by Skyview Capital
Bowen Serves as Strategic Advisor to OSRAM
BOSTON, October 13, 2021 – Bowen is pleased to announce that OSRAM Licht AG’s Digital Lumens lighting and operational technology (OT) solutions business has been acquired by Skyview Capital. Bowen acted as the exclusive sellside M&A advisor to OSRAM in this asset divestiture transaction.
This acquisition represents Bowen’s sixth OT transaction, following our announcement last month of the acquisition of our client IoTium by View. Digital Lumens’ advanced lighting and IIoT solutions automate the lighting and control & management of industrial and commercial facilities for hundreds of blue-chip customers globally across multiple verticals, including manufacturing, warehousing, food processing and transportation. Skyview’s purchase of Digital Lumens also includes the Encelium business, which serves the commercial sector.
“According to an E&Y study, 94% of global companies say changes to the technology landscape are influencing divestment decisions, up from 59% pre-pandemic,” said Paul Bowen, Founder & CEO of Bowen. “As companies sharpen their strategies, it becomes necessary to review entire portfolios of assets and decide where to optimally focus investments. Savvy acquirers know that some of the most positive M&A ROIs are a result of buying divested assets. Bowen’s asset divestiture process is focused on matching the right asset acquirers with our corporate clients.”
Click here for Digital Lumens’ press release.