Osram Broadens Portfolio With Smart Building Focused Acquisition of Digital Lumens

Lighting giant Osram has agreed to acquire smart building focused start-up Digital Lumens Inc, for an undisclosed fee. The move is the most recent in a string of similar deals that have seem promising start-ups assimilated by one of the sectors big players. The deal will allow Osram to expand its internet of things (IoT) offering for lighting in smart buildings, while it gives Digital Lumens the world as its new stage. Digital Lumens, based in Boston, Massachusetts, is specifically focused on the smart building market with an offering of software, products and system integration. Its cloud-based intelligence platform, SiteWorx, seeks to bring tangible benefits of the IoT to commercial and industrial environments. They leverage the power of connected lighting and IoT sensors to deliver business intelligence from the unique vantage point that ceiling lighting offers. “The acquisition of Digital Lumens puts Osram in a strong position when it comes to offering future-focused digital solutions […]

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