Osram

News aus der Elektroindustrie

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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In the second quarter 2016 (January – March) the lamp manufacturer Osram managed to raise its turnover............

In the second quarter 2016 (January – March) the lamp manufacturer Osram managed to raise its turnover............

by 3% in comparison with the same period last year to EUR 1.426 bn, with the adjusted EBITA margin improving by 12.2%.

Osram profited above all from the strong performance of the North American automotive market and a Chinese automotive market supported by government purchase incentives as well as positive exchange rate effects.

The exact figures are to be published on 27th April.

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Forest Lighting from Marietta/ Georgia, the American representative of the LED manufacturer MLS from China, has announced that the board.......

Forest Lighting from Marietta/ Georgia, the American representative of the LED manufacturer MLS from China, has announced that the board.......

has the intention of taking part in the bidding battle for Osram’s lamps business. This puts it in good company with several other firms which also want to take over Osram’s division.

MLS generates a turnover of approx. USD 2 bn (EUR 1.9 bn). In September MSL took over an 11% stake in Kaistar Lighting from Xiamen/ China, who in turn are the owners of Bridgelux from Livermore/California.

As already reported several times, Osram wants to part with its conventional lamps business completely and concentrate in future on special lighting and LED semiconductors.

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On 21st July 2015 we reported on electro-insider on the interest of Chinese investors in parts of Osram lighting group. Now it is official:

On 21st July 2015 we reported on electro-insider on the interest of Chinese investors in parts of Osram lighting group. Now it is official:

Osram is selling its 13.5% stake in the Chinese company Foshan Electrical and Lighting Co. (Felco) for more than EUR 350 m to a subsidiary of Guangdong Rising Assets Management Co. Ltd. The price lies around 30% above Felco’s current share price.

Osram expects a pre-tax profit of EUR 300 m from this transaction, which is to be posted in the 2016 business year.

The net proceeds are to be employed for further out-financing its worldwide fully funded pension commitments.

The transaction is subject to the consent of the relevant Chinese regulation authorities, and is expected to be concluded in December.

Felco manufactures and sells illuminents in particular and is quoted on the Schenzhen, China, stock exchange. Guangdong Rising Assets Management Co., Ltd. generated a turnover equivalent to more than EUR 6 bn in 2014 and presented a balance sheet total of over EUR 15 bn.

Osram wants to completely part with the conventional lamps business and concentrate on special lighting and LED semi-conductors in future.
 

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