Osram announced the completion of the acquisition of Ring Automotive, a British aftermarket specialist. The acquisition was revealed in the end of January 2019. The acquisition will allow Osram to expand its product range in the automotive sector to include more automotive electronics and accessories. After approval by the British Competitors and Market Authority (CMA) for the takeover of Ring Automotive by Osram, the partnership between the companies will officially start in May. The common goal is to respond faster and better to new trends and challenges in the cons...

After revealing its sluggish business performance, Osram announced that it will strengthen its automotive business by acquiring aftermarket specialist Ring Automotive. With the acquisition, Osram plans to expand its aftermarket portfolio and reach end customers via the distribution channels of Ring Automotive in the UK. In addition, Ring's specialization in electronic car accessories complements Osram’s product range. Moreover, Osram will give the ring portfolio access to the US market via the established Osram Sylvania channels and opens up new sales pote...