LED

News aus der Elektroindustrie

Due to the rapidly changing market away from the traditional lighting business towards energy-saving LED products, Osram does not want to invest globally in obsolete technology any more.

Due to the rapidly changing market away from the traditional lighting business towards energy-saving LED products, Osram does not want to invest globally in obsolete technology any more.

The falling turnover figures in the traditional lamp business are now also having an effect on manufacturing locations. For this reason OSRAM SYLVANIA is going to close down its production in Wellsboro, Pennsylvania from September 2016, a move which affects 114 employees.

The company said the decision to close the location had been difficult, but a necessary step towards distributing resources to a lamp portfolio which would meet the requirements of the market and on the other hand guarantee future growth.

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According to information from the dpa, Chinese investors have apparently expressed interest in parts of the business of the lighting technology group Osram.

According to information from the dpa, Chinese investors have apparently expressed interest in parts of the business of the lighting technology group Osram.

The company Feilo Acoustics has informed its shareholders of its interest in the acquisition in a letter, referring to the plans of the traditional group from Munich. Osram has announced its plans to outsource its lamps business by the coming spring, so that the Chinese company is considering the purchase of parts of the traditional lighting business and the LED division.

An Osram spokesman refused to comment any further on the matter, saying that no purchase process has been initiated for the lamp business. Should the interest actually refer to the Osram division which is to be outsourced, then this shows that there is a certain interest.

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As reported by the German press agency, the supervisory board of Osram lighting group has not reached a final decision on the spinoff of its lighting business.

As reported by the German press agency, the supervisory board of Osram lighting group has not reached a final decision on the spinoff of its lighting business.

It is stated that first the effects on the employees have to be examined. The latest plans had thrown up a central question with employee representatives: What would a spinoff of the lighting business mean for the employees? The IG Metall union had been appalled by the spinoff plans.

Previously Osram had announced that the business with lamps – including halogen, energy-saving and LED lamps - is to be spun off.

A decision could be made in about four weeks at an extraordinary meeting of the supervisory body, although an exact date for this was not announced at first. However, it is regarded as unlikely that the plans could still be overturned. Also it remains to be seen whether the business is to be sold or floated on the stock market after the spinoff.

Osram’s rival Philips has taken sweeping measures, too, spinning off its entire lighting business and selling a part of the division in March.

For years Osram has been feeling the effects of the rapid change in the lighting market – and the cheaper competition, above all from Asia, which can produce at lower prices especially for the mass market for lamps.

 

 

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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.

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.

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KKR & Co and CVC Capital Partners could already soon buy Philips’s lighting segment according to the latest press releases, which state that the finance companies have bid to buy 80% of the division.

KKR & Co and CVC Capital Partners could already soon buy Philips’s lighting segment according to the latest press releases, which state that the finance companies have bid to buy 80% of the division.

The deal is said to have a volume of EUR 2.5 bn and might be officially confirmed in the next few days. Bain Capital from Boston/USA, who had also been interested in a takeover, are no longer in the running, according to the release.

Philips would like to hive off or sell the division, and a decision is to be made about this by the shareholders in the next shareholders’ meeting in May. The LED components and automotive lighting divisions are said not to be part of the current deal and are to be sold separately.

This means that Philips are doing a similar thing to Siemens, who also floated its lighting division Osram on the stock market as a separate company.

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Min Wang, CEO of the Chinese start-up company has explained to LEDinside magazine that it is definitely not going to take over Philips Lumileds.

Min Wang, CEO of the Chinese start-up company has explained to LEDinside magazine that it is definitely not going to take over Philips Lumileds.

On enquiry whether a bid had been submitted he answered evasively that he didn’t want to comment at present but would disclose the outcome of the final bid in due course.

Previously Reuters news agency had reported that Lattice Power together with two financial investors had submitted a last-minute bid for the takeover of Philips’ lighting division. Besides this other financial investors had put in bids.

Already last year Royal Philips had decided to combine its LED business with its vehicle lighting sector and place it as an independent company within the Philips Group. Now apparently the possibilities are being sounded out: The new company could be floated on the stock market or sold. Perhaps also only one strong external investor will come along and Philips itself will remain a shareholder, too – and a customer.

At present there are no other statements available.
 

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The positive trend in turnover and results of the first half-year could also be maintained in the seasonally weak 3rd quarter.

The positive trend in turnover and results of the first half-year could also be maintained in the seasonally weak 3rd quarter.

At corporate level, revenues increased by 4.0% in the first nine months of the business year (May 2014  to January 2015) to EUR 962.8 m (prior year: EUR 925.8 m), with growth achieving a 2.5% rise (prior year: + 1.4%) in the 3rd quarter alone.

The most important driver behind the growth was once again the business with energy-efficient LED luminaires and components. With a growth rate of 56.6% to EUR 456.8 m (prior year: EUR 291.7 m) the LED contribution to corporate turnover rose from 31.5% to 47.4% in comparison with the corresponding period of the prior year. In the 3rd quarter the Zumtobel Group generated more than half of its turnover (53%) with LED products for the first time in its history.

Corporate EBIT rose by 21.9% adjusted for special effects in the first 9 months to EUR 51.5 m (prior year: EUR 42.2 m).

Thereby both the lighting business (Zumtobel / Thorn) and the components business (Tridonic) managed to improve on their previous year’s result. The reasons for this are the higher turnover volume and the first positive effects of the adaptation of capacities, the amalgamation of the previously sales organizations of Zumtobel and Thorn and the corporate pooling of purchasing activities.

Net profits could be increased by 28.1% in the first nine months to EUR 15.4 m (prior year: EUR 12.1 m), although the result in the 3rd quarter (– EUR 13.4 m / prior year: – EUR 6.3 m) was especially encumbered by the revaluation of the Swiss franc against the euro.

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In Germany there are about 9 million street lamps – and most of them are still veritable power guzzlers.

In Germany there are about 9 million street lamps – and most of them are still veritable power guzzlers.

According to the dpa the German association of municipalities and communes (DStGB) is therefore demanding more money from the federal and state governments for conversion to energy-saving LED technology, saying that after all the investment often pays off after as little as 6 to 8 years.

A survey by the consulting company PwC reaches a similar conclusion: within 4 years the proportion of LED luminaires in communes has multiplied tenfold, standing at 11% in 2014.

At the same time energy costs have fallen by 12%. At an assumed electricity price of 25 cents per kilowatt hour this would therefore represent about EUR 90 m per year.

According to the survey the potential is by no means exhausted, although whether the conversion pays off is strongly dependent in each case on the age of the existing street lamps.

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