Suprajit Engineering Ltd (Suprajit) had entered into an Asset Purchase Agreement to acquire the Halogen Bulb manufacturing facility at Perambakkam, Thiruvallur District of Tamil Nadu from M/s. Osram India Pvt. Ltd. With this acquisition, Suprajit’s Halogen Bulb’s annual capacity will increase from 87 million to about 110 million. Suprajit will emerge as one of top 3 manufacturers of Halogen Bulbs in the world.
Through a separate agreement, Suprajit has become a part of the global supply chain to Osram and will start to supply Halogen bulbs from its plants in India including the acquired plant near Chennai.
Osram is a respected global brand and owned by Osram Gmbh. Osram will continue to operate on its own, serving their customers in the OEM, other label and the aftermarket segments in India and Osram’s commitments towards its customers do not change in any way.
Under the asset purchase agreement, the acquisition has been completed and the said unit will operate as a unit of Phoenix Lamps Division with effect from October 04, 2019.