Osram Supervisory Board Approves Lamp Business Spin-off

Osram is making further progress regarding its realignment. In an extraordinary meeting, the supervisory board of OSRAM Licht AG approved the carve-out of the general lighting lamps business. As an independent entity, the business will be able to operate more freely on the market and realize strategic options, such as partnerships, more easily. Jes Munk Hansen, until now CEO of the Americas region, will lead the lamps business in the future. "Today's supervisory board decision lays the foundation for our strategic orientation toward growth, innovation and technology leadership," said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG.

In April, the supervisory board issued a mandate to examine the carve-out of the lamps business. The weeks since then have seen an intensive dialog between employee representatives and management. The carve-out is a response to the different dynamics and requirements in the lighting market. The lamps market is a volume market in which consistently high quality and cost efficiency are crucial competitive factors. It differs fundamentally from the technology markets, which are characterized by innovation, tailor-made solutions and sustainable growth. Osram intends to focus on these technology markets in the future through its businesses with opto semiconductors, automotive and specialty lighting as well as luminaires, lighting systems and solutions.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Specifiers can realize the best quality of light and the highest levels of light output and efficacy at 3000K and 95CRI San Jose, CA – Lumileds today announced substantial performance improvements for its 90 and 95 CRI LUXEON CoBs with C... READ MORE

For many years, XLamp® XP-E2 LEDs have been the preferred LED choice for lighting manufacturers looking to combine different colors of light together to service specialty lighting applications. The XP-E2 platform offers an unbeatable combi... READ MORE