Managing Board intends to transfer the general lighting lamps business into an independent legal structure

21.04.2015 | Business press

Based on its discussions held on April 15, 2015, the Managing Board of OSRAM Licht AG intends to transfer the general lighting lamps business into an independent structure. This business includes the traditional as well as the LED-based lamps of the current business units CLB and LLS. The measure is to be submitted to the Supervisory Board at its next regular meeting on April 28, 2015. In fiscal 2013/14 this business generated worldwide sales of about € 2 billion. The independent legal structure is to provide the basis for the further development of the business, while also considering partnerships.

ABOUT LEDVANCE

LEDVANCE GmbH is a fully-owned subsidiary of OSRAM GmbH and is one of the world's leading providers of lamps for professional users and retail customers. The company offers advanced LED lamps as well as a wide range of traditional light sources, standardized luminaires and connected lighting solutions. LEDVANCE is active in more than 120 countries and had approximately 9,000 employees as of 1 July 2016. In the 2015 fiscal year general lighting amounted to around 40 percent of OSRAM turnover or approximately two billion Euros.


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