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.

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