Osram has announced that it will sell its Lighting Solutions business unit that manufactures finished luminaires. The Company stated that it will focus on high-growth potential applications going forward – most likely Smart LED lighting and the Internet of Things.
The company stopped making lamps two years ago and it has put now for sale its fittings division, which makes lights for streets lighting and sports, industrial and commercialapplications… Osram hopes to find a buyer for the division this autumn.
“Thanks to numerous measures, the earnings position of the Lighting Solution business unit has stabilized significantly, therefore allowing us to initiate an organized sales process. This will result in a more strategic focus with regards to applications with high growth potential” said Olaf Berlien, CEO of OSRAM Licht AG.
The financial figures of the Lighting Solutions (LS) businsess unit, combined with the contribution of the Digital Systems business unit, are captured within the Lighting Solutions and Systems (LSS) reporting segment. The largest LS location is Traunreut, Germany, where luminaires for industrial and commercial sites and Street and stadium lighting are developed.
OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smart phones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM has approximately 26,400 employees worldwide as of end of fiscal 2017 (September 30) and generated revenue of more than €4.1 billion.
Information and picture: www.osram.com