09
Jul

A bidding consortium comprising Bain Capital and the Carlyle Group ...

A bidding consortium comprising Bain Capital and the Carlyle Group has submitted a legally binding transaction offer to the management board and the supervisory board of OSRAM Licht AG for the public takeover of all Osram shares.

Osram and the consortium have also signed an investor agreement that includes comprehensive commitments. Bain and Carlyle have assured that they will fully support the management team and work closely with the current board to drive the transformation of Osram forward. Osram will  continue after the takeover under the existing name. The company headquarters remain in Munich, and the rights to all patents remain with Osram.

As part of the public takeover offer, shareholders will be offered 35 EUR per share in cash. This corresponds to a premium of around 21% compared to the last closing price of the Osram share.

Olaf Berlien, the CEO of Osram, supports the offer.

Read more

08
Jul

The Spanish purchasing association Grumelec, headquartered....

The Spanish purchasing association Grumelec, headquartered in Barcelona, was able to increase its sales by 7.5% in 2018. For this year they are aiming for 10% plus.

Grumelec has 35 electrical wholesalers with 56 branches.

Read more

08
Jul

.The board of the ZVEI Association,....

The board of the ZVEI Association, department Cable and Insulated Wire, has confirmed Frederick Persson (Prysmian) as chairman. Ernst-Michael Hasse (Schwering & Hasse) was again elected Vice Chairman.

Read more

07
Jul

As per the Spanish trade journal Material Electrico, in the first half of the year,....

As per the Spanish trade journal Material Electrico, in the first half of the year, 5459 electric cars were registered in the country; this corresponds to an increase of 131.3% compared to the previous year. The list is headed by Tesla, followed by Renault, Hyundai and Nissan.

This shows that the availability of quick-charging devices and a greater awareness of e-mobility is bearing fruit for citizens, businesses and administrations.

Read more

06
Jul

Global leaders in the communications, lighting and appliance industries...

Global leaders in the communications, lighting and appliance industries have formed the Light- Communications-Alliance (LCA) to promote new wireless technologies in light communications.


Light communication compliment and enhances wireless 5G communication and other high-frequency technologies such as Wi-Fi. By using the larger available spectrum, light can be used to transport larger amounts of data faster and with greater security.


The LCA is an open, nonprofit association of members committed to promoting light communication technology with a consistent approach.


The LCA founding members are Nokia, Emirates Integrated Telecommunications Company (du), LEDVANCE, Liberty Global, Lucibel, Orange, pureLiFi, the LiFi Research and Development Center, Velmenni, Zero.1, CEA Leti and the Mines-Télécom Institute.


Light communication technologies include Light Fidelity (LiFi) and Optical Camera Communications (OCC), which have received increasing attention in recent years in various industries such as smart cities and homes, Industry 4.0, retail and tourism.


“Global Market Insights” forecasts that the LiFi market will reach 75 bn USD by 2025 (67 bn EUR).

Read more

05
Jul

According to the ZVEI, exports of the German electrical industry rose by 3.8% in April 2019 compared with the previous year to 16.8 bn EUR....

According to the ZVEI, exports of the German electrical industry rose by 3.8% in April 2019 compared with the previous year to 16.8 bn EUR, whereby deliveries to the individual countries must be differentiated. For the entire period from January to April, exports stood at 71.5 bn EUR, and exceeded last year by 5.3%.

Imports of electrical products to Germany increased more than exports. Between January and April, they increased by 6.8% to 65.1 bn EUR.

From January to April, exports to the industrial countries increased by 5.3% to 46.5 bn EUR, while those in the euro area increased by 6.1% to 23.5 bn EUR.

Exports to China increased by 9.1% over the previous year to 1.8 bn EUR. Business with Russia increased 10.1% to 354 m EUR.

Read more