Details of Osram Carve out of LEDVANCE to be Announced by May 2016

(Author: Ivan Lin, Editor-in-Chief, LEDinsidehttp://Editor and Translator: Judy Lin, Chief Editor, LEDinside)

German lighting giant Osram’s spin-off of its lamps business into LEDVANCE has completed organizational separation as of April 1, 2016, while the legal separation is scheduled in July 1, 2016. Many lighting vendors have been competing for a chunk of Osram’s lamp business, which LEDinside projects details of the acquisition transaction will become clearer from late April to late May 2016, including the offered price from various bidders, developments of vendors granted priority rights, and other conditions involved in the talks of the separation of LEDvance. Besides weighing in on the potential acquisitor of the lamp business and conditions under the procurement, the deal is under the lime light of the entire lighting and LED business.

The Osram Lighthouse is the lighting company's global headquarters. (Photos courtesy of Osram)

LEDVANCE encompasses Osram’s lighting brand values in conventional and LED lighting businesses sectors (Classical Lamps and Ballast business combined with LED Lighting Solution). The new lighting division is headed by senior Osram manager Jes Munk Hansen, who is a veteran in lighting retail channels. The company possesses both conventional lighting distribution channels, and innovative LED lighting products. LEDinside estimates the potential bidder might acquire LEDVANCE for around EUR 500 million (US $570 million).

The new lighting entity will be headed by Jes Munk Hansen, who formerly led Osram’s U.S. arm. Oliver Neubrand will be appointed as the CFO, Erol Kirilmaz for sales and marketing, Peter Mannhart for operations, and Bettina Kahr-Geleng for human resources.

An Osram banner promoting LEDVANCE. (LEDinside)

Osram has the largest market share in the European lighting distribution sector, ranks second in the U.S., and is the world’s second largest lighting manufacturer.

Based on LEDinside’s observations at Light+Building 2016, Osram’s booth was a major visitor attraction this year. Many people crowded the booth late into the night, including partners from several market sectors. This indicates the business is entering a transition phase between new and old lighting technologies, and there is still plenty of room for developments.

Osram's booth at Light+Building 2016. (LEDinside)
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