German Government Approved Osram’s Lamps Unit Sale to Chinese Buyers

It is reported by Reuters on 30th of Jan that a spokesman of lighting manufacturer Osram announced the company has been approved by the German government to sell its Lamps unit to an association of Chinese bidders for 400 million euros (USD 425 million).

(Osram/ LEDinside)

Once selling its traditional lamps and lighting unit, Osram will be able to focus on more competitive businesses such as LED chips and automotive lighting. At present, the sale is still under the assessment of the U.S Committee on Foreign Investment in the United States (CFIUS) and a Chinese regulator.

CFIUS blocked Philips from selling Lumileds, Philips’ lighting component division, to Asian buyers in 2015 for the fear that China might be able to get access to and subvert the U.S high-tech sector. Eventually, Philips agreed to sell it to Apollo Global Management for USD 1.5 billion.

In July 2016, Osram divested LEDvance, Osram’s biggest lamps and lighting unit, to a Chinese consortium including IDG Capital Partners, MLS, and Yiwu State-Owned Assets Operation Center.

As most of the lighting manufacturers are focusing on more power-efficient lighting, such as LED and its diverse applications in different fields, Chinese buyers are attempting to expand their businesses abroad by getting access to more channels in Europe and the U.S. Therefore, those sales from big lighting companies are undoubtedly what they are looking for.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
Display devices have been used for many years as a means of HMI (Human Machine Interface) to connect humans and machines interactively, and their usage are still expanding. Automotive interiors are no exception to this trend, with an increasing ... READ MORE
About LiDAR Automotive industry trends In recent years, many vehicles have been launched with ADAS (Advanced Driver Assistance Systems) as standard equipment. As the future evolves towards more automated driving, sensing around the vehicle i... READ MORE