OSRAM Con­ti­nen­tal JV up and run­ning

Commercial Vehicle - - CONTENTS -

Spe­cial­is­ing in the man­u­fac­ture of LED and laser-based light­ing mod­ules, so­lu­tions and as­so­ci­ated elec­tron­ics, OSRAM Con­ti­nen­tal joint ven­ture is up and run­ning. With the suc­cess­ful com­ple­tion of all ne­go­ti­a­tions and the is­suance of merger con­trol ap­provals, the joint ven­ture will ini­tially em­ploy 1,500 peo­ple at 16 lo­ca­tions the world over. Head­quar­tered in Ger­many, the joint ven­ture with 50 per cent stake of each part­ner, is look­ing at achiev­ing dou­ble dig­its growth rates per an­num for the next five years, and is con­fi­dent of the LED and laser-based so­lu­tions mar­ket ac­cel­er­at­ing strongly. The first prod­ucts to be de­vel­oped by the joint ven­ture are ex­pected to be ready for se­ries pro­duc­tion by 2021. Ac­cord­ing to Dirk Linzmeier, CEO, OSRAM Con­ti­nen­tal, the com­pany will of­fer so­lu­tions that will lead to a big change in au­to­mo­tive light­ing. The joint ven­ture will utilise in­creas­ing dig­i­tal­i­sa­tion to pro­duce in­tel­li­gent light­ing func­tions for ve­hi­cles.

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