Osram acquires Clay Paky
8 August 2014
Pasquale Quadri, founder and President of pioneering Italian luminaire manufacturer Clay Paky, has signed an agreement for the acquisition of the company by OSRAM. Clay Paky will continue to operate from its production and administrative head office in Bergamo, Italy. The acquisition is subject to approval by the relevant antitrust authorities.
“Integration with OSRAM, which has a great wealth of technological competence, and an in-depth knowledge of the lighting market, is an ideal opportunity for the further development of Clay Paky,” said Quadri. “OSRAM plans that Clay Paky will maintain its independence to a large extent in day-to-day business,” he added. Key positions in the company will remain, ensuring continuity in management.