Osram sends SOS, seeks investor

February 13, 2019 //By Christoph Hammerschmidt
Osram sends SOS, seeks investor
The lighting technology group Osram Licht AG (Munich, Germany) is looking for an investor. The aim is a complete takeover. As the distressed company confirmed in a press release, it is in talks with Bain Capital and Carlyle Group. According to Reuters, the two investment companies are considering a joint offer for 100 percent of the group.

The former Siemens spin-off Osram got into trouble last month due to weak demand in China. The situation was exacerbated by a slump in demand from the automotive market, which had ordered fewer LEDs than expected. Against this backdrop, Osram recently announced job cuts at its LED subsidiary Osram Opto Semiconductors.

Related articles:

Osram lowers revenue expectations, sells luminaire business

Weak LED demand: Osram announces job cuts

Osram Continental GmbH joint venture to drive automotive lighting


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.