OSRAM has agreed to acquire Digital Lumens Inc., a U.S. company that specializes in industrial IoT solutions. Digital Lumens, founded in 2008, employs 65 people. In the last fiscal year the company generated sales in the mid-double-digit millions.
The Digital Lumens software platform can be used to run applications covering everything from intelligent lighting control, energy use, and security systems to the measurement of environmental parameters such as air quality. The cloud-based platform is compatible with components and hardware of other manufacturers. Digital Lumens has built a strong customer base for industrial IoT solutions, with more than 2,500 installations.
“The acquisition of Digital Lumens puts OSRAM in a strong position when it comes to offering future-focused digital solutions for the facilities management sector and IoT applications,” said Stefan Kampmann, chief technology officer, OSRAM Licht AG. “By integrating software and sensors in a single platform, we will be able to give businesses a deeper in-sight into the environment within their buildings and their utilization of space. As a company that understands space, OSRAM is taking the next step in developing new business models that go beyond lighting. What’s more, the platform is also compatible with light products made by other manufacturers.”
What will this acquisition assist with inside OSRAM? The acquisition of Digital Lumens from a group of venture capital investors will enable OSRAM to expand its business with digital lighting solutions and add to its expertise in software, sensors and connectivity.
Customers using the Digital Lumens cloud-based IoT solution pay a monthly service charge to access data that is continually recorded and analyzed by their lighting management system. This allows them to optimize business processes and document process-critical environmental variables.
“I am delighted that we will be working with OSRAM’s technology experts to pave the way for further growth and new customer applications. Our existing and future customers can look forward to even more value-adding innovations,” said Tom Pincince, president and CEO, Digital Lumens.