Continental and Osram have successfully concluded their negotiations on the
Osram Continental GmbH joint venture. The joint venture, in which each of the
partners has a 50 percent stake, aims to combine Continental’s and Osram’s
respective expertise in lighting, light control and electronics and is
scheduled to start in the second half of 2018, once all the necessary merger
control approvals have been granted.
The joint venture will be
based within the region of Munich, but will operate globally to ensure rapid
development cycles with customers in their local areas. The product portfolio
will feature semiconductor-based lighting modules such as LED modules for front
and rear headlights, laser modules and light control units.
CEO Dirk Linzmeier comes from
Osram and CFO Harald Renner from Continental. “We want to actively drive
forward technological change in the lighting market within the automotive
industry and develop even more innovative and intelligent lighting solutions.
The joint venture will help us to establish the conditions for this since it
combines our expertise in software and electronics with Osram’s automotive
lighting expertise. As such, we will be able to offer our customers an unrivalled
portfolio in the lighting market,” said Andreas Wolf, head of Continental’s
Body & Security business unit.
“Digitalization is creating
new potential applications in automotive lighting and, in turn, tremendous
opportunities that we want to leverage with Continental. By joining forces, we
will be in an even better position to drive forward innovations by working
closely with the automotive industry to integrate lighting, sensor technology
and electronics seamlessly in a single application. This will allow us to
advance new intelligent light functions such as the combination of lighting and
sensor technology in a module or light-based communication between the driver,
other road users and the vehicle’s surroundings,” explained Hans-Joachim Schwabe,
CEO of Osram’s Specialty Lighting division.
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