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...