OSRAM

Continental and Osram announced they will end their automotive lighting joint venture. The decision was reported on September 28, 2020.

The European Commission unconditionally approved the proposed acquisition of Osram by AMS under the EU Merger Regulation, concluding the transaction would not raise competition concerns in the European Economic Area.

ams AG has submitted a proposal to OSRAM Licht AG for an all-cash takeover offer at €38.50 per share, valuing the deal at approximately €4.2 billion. The combination aims to create a global leader in sensor solutions and photonics.

Continental and Osram have launched their 50/50 joint venture Osram Continental, headquartered in Munich, with around 1,500 employees at 16 locations worldwide, targeting mid-triple-digit-million-euro annual sales.

The OSRAM Continental GmbH joint venture between Continental and Osram has been launched, with headquarters in Munich, Germany. The joint venture will employ around 1,500 people and aims for annual sales in the mid-triple-digit-million-euro range.

Osram GmbH and Continental AG completed negotiations to form a 50/50 joint venture for automotive lighting, expected to begin operations in the second half of 2018. The JV will be based near Munich, Germany, with US operations in Hendersonville, Tennessee.

Osram and Continental have concluded negotiations to form a 50/50 joint venture called Osram Continental GmbH, combining expertise in lighting, light control and electronics. The joint venture is scheduled to start in the second half of 2018, pending merger control approvals.

Osram and Continental have signed a joint venture contract for Osram Continental GmbH, with each holding a 50% stake. The joint venture will focus on automotive lighting modules and is scheduled to start in the second half of 2018.

Osram inaugurated its new advanced LED factory in Kulim, Malaysia on November 23, 2017. The plant, with a total investment of EUR 1 billion, will produce blue LED chips for general lighting and later automotive lighting.

Osram GmbH's new LED chip factory in Kulim, Malaysia has begun operation on schedule, with €370 million invested in the first stage. The plant will initially produce blue LED chips for general lighting.

Continental and Osram announced a 50/50 joint venture, Osram Continental GmbH, to develop intelligent lighting solutions for the automotive industry. The JV is planned to launch in 2018, with around 1,500 employees and 17 locations worldwide.

Continental and Osram announced plans to form a 50/50 joint venture called Osram Continental GmbH to develop intelligent lighting solutions for the automotive industry. The JV is scheduled to start in 2018, with a sales target in the mid-triple-digit-million-euro range and around 1,500 employees.

German auto parts supplier Continental and lighting company Osram plan to set up a joint venture in 2018 to develop lighting products for the automotive industry.

OSRAM GmbH opened its first factory in Bulgaria near Plovdiv, investing 50 million leva (approximately $30 million) and creating 900 jobs. The plant produces electronic ballasts, drivers and LED modules.

Osram Opto Semiconductors is investing an additional 1.5 billion yuan (€195 million) in its Wuxi branch to build a new production facility. Construction began on August 8, 2017, and the expansion is expected to create over 2,000 jobs and increase annual revenues by €210 million.

Continental and Osram are planning to set up a joint venture to develop lighting products for the automotive industry, with Osram contributing parts of its automotive lighting business and Continental contributing electronic control systems. The joint venture is expected to start early next year, employ about 1,500 workers, and have combined operations worth between 200 million euros.

OSRAM is expanding its existing Wuxi LED factory in China with a second phase. The expansion includes a new highly automated production line, 22,000 square meters of clean plant, and €195 million in new packaging and testing equipment, creating over 2,000 new jobs.

OSRAM inaugurated the expansion of its plant in Apodaca, Mexico, with a $10 million investment. The facility doubled in size to 15,857 m², added two production lines (total 12), and created 500 new jobs.