Osram

News aus der Elektroindustrie

09
Jul

The European Commission has unconditionally approved the planned takeover of OSRAM by AMS....

The European Commission has unconditionally approved the planned takeover of OSRAM by AMS.

There do not seem to be any barriers for new entrants. Consulted market participants either appear to support the transaction or are not affected at all. Therefore, there are no concerns about any distortion of competition. The Commission also found that the merged company did not have sufficient market power to affect competition.

Ams AG is a multinational semiconductor manufacturer headquartered in Premstätten in Austria. The company operates in the consumer, industrial, medical technology and automotive sectors.

OSRAM, headquartered in Germany, is a photonics company that offers lighting solutions and sensors worldwide. The product portfolio includes a wide range from LEDs to light management systems as well as traditional and special lamps.

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Osram fears a drop in sales of almost a fifth in the current financial year....

Osram fears a drop in sales of almost a fifth in the current financial year. Revenues from the last EUR 3.5 bn are expected to decrease by 15 -19%.

Osram expects an even greater drop in earnings. The return on sales, which was 8.9% in the past fiscal year with an operating profit (EBITDA) of EUR 307 m, will only be 3 - 6% in the fiscal year ending in September.

Osram got through the Corona crisis lightly and, following a decline in business in the current third quarter, is anticipating a slight recovery in demand in the coming months. The German group is about to be taken over by the Austrian sensor specialist ams. The EU Commission will decide by July 6th whether the deal will be approved.

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13
Aug

In our electro-insider on July 9, we reported that Osram is going to be sold,....

In our electro-insider on July 9, we reported that Osram is going to be sold, whereupon a bidder consortium from Bain Capital and the Carlyle Group wanted to completely take over Osram and offered 35 EUR per share in cash.


Now, the Austrian semiconductor group AMS from Premstetten has submitted an offer for 38.50 EUR per share, which would be about 300 m EUR more than from the financial consortium.

However, the committee headed by the Osram CEO, Olaf Berlien, supports the offer of the two financial investors, who have founded a holding called Luz (C-BC) Bidco GmbH specifically for this takeover.


If Luz Bidco gets the contract, it is, amongst other things, the goal of taking Osram from the stock market.

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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.

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At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information...

At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information on the status of a takeover by third parties. The board blocked in order not jeopardize ongoing talks.

But it is an open secret that Osram has conducted intensive discussions with the investors Bain Capital and the Carlyle Group. The audits continue: a decision on whether and how many percent will be taken is expected to fall by the end of March.

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Osram and Continental have finalized negotiations on their joint venture, which is expected to go into operation.........

Osram and Continental have finalized negotiations on their joint venture, which is expected to go into operation.........

in the second half of 2018 once all necessary merger control approvals have been obtained.

The joint venture aims to combine the expertise of the two companies in the lighting, light control and electronics sectors to develop, produce and market intelligent lighting solutions for the automotive industry.

The global joint venture is to operate under the name Osram Continental GmbH and have its headquarters in the Munich region/Germany. The US operation will be based in Hendersonville / TN.

Osram and Continental will each hold 50% of the joint venture. With around 1,500 employees and 17 locations around the world, annual sales in the mid three-digit million euro range are targeted.
 

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The Trilux subsidiary BAG electronics, headquartered in Arnsberg, was sold to Osram. BAG specializes in ballasts, LED modules and software for innovative lighting solutions.

The Trilux subsidiary BAG electronics, headquartered in Arnsberg, was sold to Osram. BAG specializes in ballasts, LED modules and software for innovative lighting solutions.

The 35 employees in Arnsberg are also taken over, likewise the 340 employees at the site in the Philippines.

The relevant competition authorities still have to agree.

Part of the contract is a 5-year supply agreement with a specified minimum volume of sales, after which Osram will supply components to Trilux.

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As could be read in the press in November, the new owners of the Ledvance works (previously Osram) would like to cut half the jobs;.......

As could be read in the press in November, the new owners of the Ledvance works (previously Osram) would like to cut half the jobs;.......

the works in Berlin and Augsburg are to be closed completely.

Now the company has also parted company with its CEO Jes Munk Hansen with effect from 1st December. One of the reasons given was that someone was being sought who would be permanently stationed at the headquarters in Garching, whereas J.M.Hansen is mainly stationed in Wilmington/USA. In addition to this, the headquarters in Garching near Munich is to be reinforced.

Until a successor for Hansen has been found, Rüdiger Tibbe (restructuring specialist) is to take over as CEO.

In the New Year we are sure to learn why Hansen really had to go and where he will be working next.

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Osram is selling its crisis-ridden energy-saving lamps and neon tubes division, to a consortium from China for............

Osram is selling its crisis-ridden energy-saving lamps and neon tubes division, to a consortium from China for............

over EUR 400 m. Osram plans to concentrate on LED chips in future.

The supervisory board of Osram Licht has approved the sale of the lamps business.

The purchaser of the business goes by the name of Ledvance and is a Chinese consortium comprising the lighting company MLS and the two financial investors IDG Capital Partners (IDG) and Yiwu State-Owned Assets Operation Center (Yiwu).

In addition to the purchase price of EUR 400 m, Osram will receive from MSL licence fees for the continued use of the name.

Growing demand from automobile manufacturers and industry grew turnover by almost 7% in the 3rd quarter to EUR 1.44 bn.

The sale is to be completed in the coming year.

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Due to differences of opinion on the strategic development of the company the supervisory board has decided to part with Klaus Patzak, its finance director. However, Patzak will remain in office until a successor has been found.

Due to differences of opinion on the strategic development of the company the supervisory board has decided to part with Klaus Patzak, its finance director. However, Patzak will remain in office until a successor has been found.

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