Clay Paky Joins OSRAM for a Secure Future

	Pasquale Quadri, Clay Paky

Clay Paky, the Italian manufacturer of show and entertainment lighting, is getting ready for a new phase in its history. Pasquale Quadri, founder and current president, has signed an agreement for the acquisition of the company by OSRAM, a leading light manufacturers. After the acquisition, Clay Paky will continue to operate from its production and administrative head office in Bergamo. 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. "After 40 years crowned by success, I am delighted to be able to offer my company, my staff, and our customers a reliable solution for a secure future. OSRAM plans that Clay Paky will maintain its independence to a large extent in day-to-day business," added Quadri. Key positions will remain in the company, thus ensuring continuity in management.

Since 1976, Clay Paky has been a landmark name at worldwide level in the sector of professional lighting systems. Its wide range of products includes several types of computerized luminaires, featuring conventional or LED sources. Clay Paky products are known all over the world for having innovated the way of show lighting design and they continue to be appreciated for their extraordinary performances and reliability. During its history, Clay Paky has received dozens of international awards, the company says as a result of relentless research and constant attention to construction details.

OSRAM is based in Munich, Germany. The company's portfolio covers the entire value chain from components -- including lamps, electronic control gear, and opto semiconductors such as light-emitting diodes (LED) -- as well as luminaires, light management systems, and lighting solutions. OSRAM generated revenue of almost €5.3 billion in fiscal 2013 (ended September 30).

For additional information please contact Pio Nahum pio.nahum@claypaky.it +39 035 654 311.

See Clay Paky at PLASA Focus: Orlando, February 17 - 18, 2015.