Austrian sensor producer Ams on Monday gained unconditional EU antitrust approval for its 4.6-billion-euro (4.1 billion pounds) acquisition of German lighting group Osram
The European Commission said the deal would not significantly reduce head-to-head competition between the companies in the markets for optical semiconductors because of the companies low to moderate market share and other rivals in the industry.
The EU competition enforcer said the fast moving products and sophisticated buyers mean that the companies do not exert significant market power. Reuters had reported on June 26 that the deal would secure unconditional EU clearance.
AMS supplies Apple with sensors for its iPhones and the Osram acquisition, its largest ever, will also help it reduce its dependence on the U.S. firm, its biggest customer.
Inogeno products are widely used in squares, train stations/high-speed rail stations/airports, parking lots, stadiums, stadiums, stadiums and other sports venues, gardens, parks, highways, country roads, streets, bridges, tunnels, warehouses, workshops, supermarkets, gas stations Waiting for outdoor lighting and industrial lighting.