Continental and Osram have announced their intention to establish a joint
venture. The idea is to combine innovative lighting technology with electronics
and software to develop, manufacture and market intelligent lighting solutions
for the automotive industry.
The global joint venture would
operate under the name Osram Continental GmbH and have its registered office in
the Munich region. Continental and Osram will each have a 50 percent stake in
the joint venture. The aim is to generate annual sales in the
mid-triple-digit-million-euro range with a workforce of around 1,500 employees
and 17 locations worldwide. The joint venture is scheduled to start in 2018
subject to agreement on the binding contracts, prior consent of each party’s
Supervisory Board and antitrust approvals.
Osram would be transferring
its automotive Solid State Lighting (SSL) module business over to the joint
venture. Continental would be incorporating its light control business from the
Body & Security business unit. This would lead Osram Continental to combine
semiconductor-based lighting modules, advanced electronics, optics and software
expertise with access to sensor technology and innovative light sources. Osram
Continental would therefore be able to offer a broad range of end-to-end,
innovative lighting solutions, designed especially for headlight and tail light
applications. The intention is to work together to design perfectly coordinated
and innovative products and solutions, and bring them to market more quickly.
The joint venture would operate on the market as a standalone company.
Helmet manufacturer Steelbird Hi-tech India (SBHT) has introduced a new range of helmets namely “Blauer BET”. The biggest highlight of Blauer BET helmets is that they meet the new European Safety Stan...
Cars24 India's leading e-commerce platform for pre-owned vehicles unveiled the first of its kind tech mascot for the brand, Car-Lee, inspired from the legend Bruce Lee, on this National Technology Day...
ABB Robotics has collaborated with two world-renowned artists, eight-year-old Indian child prodigy Advait Kolarkar and Dubai-based digital design collective Illusorr, to create the world’s first robot...