Osram announced on July 31 that the company decided to initiate the sale of its luminaires business and to strategically focus on the high-growth market.

Olaf Berlien, the CEO of Osram, said“Thanks to numerous measures, the earnings position of the Lighting Solutions 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. “

Osram is also adjusting its positioning, addressing more on high technology fields as part of its realignment. The financial figures of the Lighting Solutions (LS) business unit, combined with the contribution of the Digital Systems business unit, are captured within the Lighting Solutions & Systems (LSS) reporting segment.

The company will begin to talk with parties who are interested in buying the luminaires business and further progress of the plan will be released at Osram’s Capital Markets Day in November.

(Image: Osram)