Inventronics (Hangzhou), Inc. (SZSE:300582) agreed to acquire Digital Systems business in Europe and Asia from ams-OSRAM AG (SWX:AMS) for €74.5 million on June 14, 2022. Consideration of €74.5 million plus the total cash of the target companies as of the first effective date, not more than €15 million. As of January 29, 2023, The Board of Inventronics (Hangzhou) approved the transaction. The Inventronics Meeting of the 3rd Directorate, and approved the acquisition. The acquisition is subject to: The Company's Directorate's approval after the completion of the assessment reports, the Company's shareholders' approval, the Zhejiang Provincial Development and Reform Commission's filing, the Department of Commerce of Zhejiang Province's filing, and issuance of Enterprise Overseas Investment Certificate, the transaction price's foreign exchange registration procedure, the German and Italian foreign direct investment approvals (if necessary) and other necessary approvals.

Murad Daghles, Martin Munz, Hendrik Röger, Lars Petersen, Tilman Kuhn, Thyl Hassler, Mathis Rust, Anna Dold, Sebastian Stute, Julia Sitter and Andreas van den Eikel of White & Case, L.L.P. (Germany) acted as legal advisors to Inventronics (Hangzhou), Inc. Julia Sellmann of Freshfields Bruckhaus Deringer (Germany) and Bonelli Erede Pappalardo Studio Legale acted as legal advisor to ams-OSRAM. China International Capital Corporation Limited (SEHK:3908) acted as financial advisor, Commerce & Finance Law Offices acted as legal advisor and KPMG Huazhen acted as accountant to Inventronics (Hangzhou). Macquarie Group Services Australia Pty Limited acted as financial advisor to ams-OSRAM AG.