23
Apr

Osram wants to part with lamps business for private customers

In an ad-hoc communication to the stock exchange Osram has declared its intention to hive off the lamps business of its general lighting segment.

This includes conventional as well as LED-based lamps of today’s CLB and LLS business units.

This measure is to be laid before the supervisory board for a decision at its next ordinary meeting on 28th April 2015.

In the 2013/14 business year a turnover of about EUR 2bn was made worldwide in this segment.

Hiving it off is intended to create the basis for further development of the business, possibly also with the involvement of partners.