ams OSRAM intends to raise well over €500 million from its deleveraging operation.
“We deliver today the first result of our accelerated deleveraging plan in terms of 
executing divestment options,” says ams OSRAM CEO Aldo Kamper, “with Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche-business. At the same time, we are further streamlining our portfolio towards our core markets.”
ENI’s product portfolio ranges from specialty lamps for infrastructure and cinema applications to extremely sophisticated light sources for semiconductor wafer fabrication equipment (WFE). The profitable ENI business delivered revenues of about €170 million in 2024.
Ushio has about 6,000 employees and provides light units, equipment, systems, and services through developing new light sources and developing and applying proprietary optical technology, serving a multitude of industrial segments.
On 30 April 2025, ams OSRAM announced its plan to reach its target leverage ratio of net-debt / adj. EBITDA below 2 consisting of various, complementary elements.
Amongst these are an improving free-cash-flow performance on the back of its strategic efficiency program ‘Re-establish the Base’, structural growth in the core semiconductor business, the disposal of its 8-inch-Kulim facility thereby eliminating the sale & leaseback liability for this factory, as well as the consideration of strategic options for various additional assets with the goal to generate proceeds well above €500 million.
