Con­ti­nen­tal, Os­ram sign JV for in­no­va­tive light­ing so­lu­tions

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The tech­no­log­i­cal com­pa­nies Con­ti­nen­tal and Os­ram have suc­cess­fully con­cluded their ne­go­ti­a­tions on the Os­ram Con­ti­nen­tal GmbH joint ven­ture. The joint ven­ture, in which the part­ners have 50% stake each, aims to com­bine Con­ti­nen­tal’s and Os­ram’s re­spec­tive ex­per­tise in light­ing, light con­trol and elec­tron­ics. It is sched­uled to start in the sec­ond half of 2018, once all the nec­es­sary merger con­trol ap­provals have been granted. CEO Dirk Linzmeier comes from Os­ram and CFO Har­ald Ren­ner from Con­ti­nen­tal.

“We want to drive for­ward the tech­no­log­i­cal changes in the light­ing mar­ket within the au­to­mo­tive in­dus­try and de­velop even more in­no­va­tive and in­tel­li­gent light­ing so­lu­tions. The joint ven­ture will help us es­tab­lish the con­di­tions for this, as 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,” An­dreas Wolf, Head of Con­ti­nen­tal’s Body & Se­cu­rity busi­ness unit, said.

“Dig­i­tal­i­sa­tion 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 a 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,” Hans-Joachim Sch­wabe, CEO of Os­ram’s Spe­cialty Light­ing di­vi­sion, said.

The JV 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.

Con­ti­nen­tal de­vel­ops pi­o­neer­ing tech­nolo­gies and ser­vices for sus­tain­able and con­nected mo­bil­ity of peo­ple and their goods. Founded in 1871, the tech­no­log­i­cal com­pany of­fers safe, ef­fi­cient, in­tel­li­gent and af­ford­able so­lu­tions for ve­hi­cles, ma­chines, traf­fic and trans­porta­tion. In 2017, Con­ti­nen­tal gen­er­ated sales of €44 bil­lion and cur­rently em­ploys more than 238,000 peo­ple in 61 coun­tries.

In­for­ma­tion man­age­ment in and beyond the ve­hi­cle is at the very heart of the In­te­rior di­vi­sion. The prod­uct port­fo­lio for dif­fer­ent types of ve­hi­cles in­cludes: in­stru­ment clus­ters, mul­ti­func­tional and head-up dis­plays, con­trol units, ac­cess con­trol and tyre­in­for­ma­tion sys­tems, ra­dios, in­fo­tain­ment sys­tems, in­put de­vices, con­trol pan­els, cli­mate con­trol units, soft­ware, cock­pits as well as ser­vices and so­lu­tions for telematics and In­tel­li­gent Trans­porta­tion Sys­tems. The in­te­rior di­vi­sion em­ploys more than 46,000 peo­ple world­wide and gen­er­ated sales of €9.3 bil­lion in 2017.

OS­RAM, based in Mu­nich, is a lead­ing global high-tech com­pany with a his­tory dat­ing back more than 110 years. Pri­mar­ily fo­cused on semi­con­duc­tor-based tech­nolo­gies, its prod­ucts are used highly in di­verse ap­pli­ca­tions rang­ing from vir­tual re­al­ity to au­ton­o­mous driv­ing and from smart­phones to smart and con­nected light­ing so­lu­tions in build­ings and cities.

OS­RAM uses the end­less pos­si­bil­i­ties of light to im­prove the qual­ity of life for in­di­vid­u­als and com­mu­ni­ties. OS­RAM’s in­no­va­tions en­able peo­ple all over the world not only to see bet­ter, but also to com­mu­ni­cate, travel, work and live bet­ter. OS­RAM has ap­prox­i­mately 26,400 em­ploy­ees world­wide as at the end of fis­cal 2017 (Septem­ber 30) and gen­er­ated rev­enue of more than €4.1 bil­lion.

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