German engineering conglomerate Siemens said on Wednesday it sold its share of more than 17% in Osram, the noted lighting giant that was originally a part of it, in an accelerated bookbuild run by Citigroup and Deutsche Bank.

The new Siemens corporate headquarters in Munich, Germany has a forward looking and variable spatial design and utilization concept. This places high demands on the lighting, which must not only be energy-efficient but flexible as well. Osram supplied the lighting solutions, fulfilled the requirements of the globally active technology corporation and also demonstrated that light can be more than just lighting. The light in this case supports the successful architectural unison of heritage building sections with a highly modern new construction, and the well-being of approximately 1,200 employees at the site. The integration of various lighting scenarios in a light management system ensures utilization of light according to needs and therefore high energy efficiency.

Chinese investors are not the only ones showing interest in purchasing Siemen’s 17% stake in Osram, according to a latest report from German business magazine Manager Magazin.

In a recent interview with German magazine Manager Magazin, Siemens CEO Joe Kaeser affirmed he was surprised by Osram’s R&D investment plans, and noted the company had not sold a single share it had in Osram.

Siemens has been indiscreet about its dissatisfaction with Osram’s R&D strategy recently. A report from German media Handelsbatt on Monday pointed out the lighting company’s largest shareholder intends to sell its 17% stake to an Asian buyer, just one week after Siemens announced it was unsupportive of Osram new business strategy.

Osram’s largest shareholder Siemens might be considering selling its 17% stake in the company, reported Reuters.Citing a report from leading German newspaper Handelsblatt, a source in the industry revealed Siemens might sell its stake in Osram to an Asian manufacturer. No further details were offered about the potential Asian candidate.

In response to partly misleading media reports ‒ most recently in the Mittelbayrische Zeitung under the headline "Siemens knew" ‒ regarding the involvement of Siemens in the planned strategic realignment of Osram AG, Siemens comments as follows:

Aldermen of Manchester city in New Hampshire, U.S. have chosen Siemens traditional LED streetlights over Philips smart streetlights, reported local media the New Hampshire Union Leader.

Situated in Hall 11 of Light+Building 2014, the main theme of Siemens booth was “Power up your building efficiency.” The company displayed different building energy management systems at the lighting show that runs from March 31-April 4 in Frankfurt Fair and Exhibition Center in Germany.

Today, Siemens formally spins off OSRAM Licht AG and lists it in Germany. Analysts believe that Osram will be provided with more adequate funds and a more flexible organizational structure to grasp the rapidly growing opportunities of the global LED lighting after the spin-off. It is expected that OSRAM will increase the intensity to extend the Chinese LED lighting market. As one of the global lighting giants, Osram was originally a wholly owned subsidiary of Siemens. In November of 2012, Siemens planned to spin-off 80.5% of OSRAM's shares to share...

Siemens has announced its intention to spin-off 80.5% of its subsidiary Osram. The plan requires approval of at least three-quarters of voters at Siemens’ Annual Shareholders' Meeting on 23 January. If approved, the transaction will see Siemens shareholders receiving one Osram share for every ten Siemens shares [held]. Siemens announced that it also intends to remain an almost 20% shareholder in Osram (holding a 17% stake, with Siemens Pension Trust holding a further 2.5%). Osram to cut another 4700 jobs An intrinsic part of this massive reshuffle of two o...

Siemens will cut $7.67 billion in costs by 2014 and will sell several assets,  in an effort to improve financial returns to shareholders, according to the Wall Street Journal. The company reported a 27 percent drop in fiscal year profits, intends to sell water-treatment assets and has been unsuccessful so far in selling it Osram lighting business. The Journal said the plan is a response to a weakening global economy and falling prices for many of Siemens' products.  ...

Germany Siemens has scheduled to promote its subsidiary Osram split listing plan.According to Siemens,Osram will transform into form as GmbH form. In addition, Siemens group will set up Osram Lamps AG, and the new lamps company may liste after Osram splits from Siemens. Siemens spokesman said in an interview, Osram will complete the spin-off by the end of October. After spin-off, osram will remain the same management position. And the current Osram’s CEO also plays the same role in the listed Osram lamps company , as well as be responsible for osram GmbH....

Siemens has shelved plans to float its lighting business, Osram, on the stock market and instead will spin off the company early next year, according to its chief executive Peter Loescher . The company's net profit of Euro 823 million, missed analysts' estimates of Euro 1.32 billion, due to an accounting charge relating to Osram. Peter Loscher said at his third quarter earnings conference call, “Since market conditions continue to be volatile for an IPO, we have decided to pursue a spin-off to our shareholders as the most probable part of divestiture. This ...

Lately, Siemens has filed a lawsuit with Samsung and LG in Germany and the United States, claiming the two companies infringed on Siemens’s patented LED lighting technology.   The technology transforms blue light into white light, a feature used in some flat-panel televisions and increasingly in common household LED light bulbs.   The German lawsuit was filed in Hamburg. In the United States, Siemens filed its complaints with the International Trade Commission in Washington and in United States District Court in Wilmington, Del. Siemens s...

Siemens has obtained official permission to keep the Siemens Superstar – Munich’s latest landmark and the world’s biggest revolving Christmas star – illuminated until January 6, 2010. The Christmas season lasts until Epiphany. And the star is now going to be lit up throughout the entire period. Originally, the work of art on the A9 highway leading into Munich was to be visible only until New Year’s Eve.

Siemens announced the completion of the unique and pioneering technological project together with Munich multimedia artist Michael Pendry. The lighting installation consists of 9,000 Siemens Osram light-emitting diodes (LEDs) that are as bright as around 20,000 Christmas candles. Yet the entire installation uses only as much electricity as a hair dryer or a water kettle. In good weather, the art object can be seen for 30 kilometers.

South Korean electronics giant Samsung Electronics Co. is reportedly setting up a 50-50 joint venture with its affiliate Samsung Electro-Mechanics to jointly produce LEDs. It’s disclosed the veture is tentatively named Samsung LED. LEDs are known to have many advantages to traditional light sources, such as low energy consumption, longer lifetime, which are increasingly used in products from mobile phones to flat-screen televisions.

It’s reported that Houston plans to replace the light bulbs at all 2,381 of its traffic stops with LED bulbs that could save more than $4 million a year in electricity costs. The LED traffic signals will cost 16 times more than incandescent bulbs and last six years longer. City Council approve a $16.4 million contract for pricier signals with Siemens Building Technologies Inc.