2019-02-15

Osram Invests in IoT Company to Strengthen its Digital Solution Development

Apart from the buyout talk confirmation, Osram also announced that it has purchased shares of Beaconinside, a German company developing IoT solutions, for expanding its digital business in location-based services. Osram aims to integrate Beaconinside’s IoT solution for retails, smart city and logistics with its sensor technology to extend product portfolio such as beacon. Stefan Kampmann, CTO of OSRAM, noted, "Beaconinside's innovative solutions enable sales-supporting advertising campaigns, detailed customer analyses and intelligent logistics monitorin...
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