Osram, Traxon Technologies In Joint Venture
MUNICH — In a bid to win a bigger piece of the growing global market for LED systems and solutions, currently estimated at 700 million euros and growing at double-digit rates, Osram has forged a joint venture with Hong Kong-based Traxon Technologies Ltd. The deal gives Osram a majority stake in the 135-employee company, which will continue to be based in Hong Kong with R&D operations in both China and Germany.
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