News-Spot | Business News | Nov 10, 2015

Osram Spins Off General Lighting Business

German lighting giant Osram announced it will be spinning off its general lighting business including general LED lighting into an independent company.


According to the company statement: “This business includes the traditional as well as the LED-based lamps of the current business units CLB and LLS. The measure is to be submitted to the Supervisory Board at its next regular meeting on April 28, 2016. In fiscal 2013/14 this business generated worldwide sales of about EUR 2 billion (US $2.15 billion). The independent legal structure is to provide the basis for the further development of the business, while also considering partnerships.”

The declining general lighting business represents 40% of the company’s revenue, reported Reuters.

By parting with its general lighting business, Osram will be able to focus on its specialty lighting and components for automotive sector and project lighting.

Osram and Philips have been trying to keep up pace with rapidly rising Asian LED lighting manufacturers, and the two companies have been implementing similar business strategies in the past year by spinning off less profitable general lighting businesses.

By focusing on the automotive lighting market, Osram would be able to get the most value, said Karsten Iltgen, Analyst at Bankhaus.

The value of Osram’s remaining business was projected to fetch a higher share value of EUR 50, and the remaining general lighting business EUR 10, compared with the price of EUR 49.13 before, said Iltgen.

Sales of Osram’s traditional lighting unit, CLB, have downed 15% in 2014 to EUR 1.96 billion, and its EBITDA was a lower 4.6% compared to the group’s 6.0%.

FEATURED

Nichia Showcases LEDs with 'Light so Good'

Nichia Showcases LEDs with 'Light so Good' At Light + Building 2020 held in Frankfurt, Nichia – the leader in high-performance LED solutions – reveals it will present at least three complementary technologies to improve the delivery of light quality under an over-arching banner of 'Light so Good'. Read more »

EDITORIAL

Future Lighting Solutions Launches Offline Lighting System Selector Mobile App for iOS and Android

Future Lighting Solutions Launches Offline Lighting System Selector Mobile App for iOS and Android Future Lighting Solutions (FLS), a leading provider of solid-state lighting, engineering expertise and design tools, is proud to announce the launch of their new offline Lighting System Selector for iOS and Android devices. Read more »

EDITORIAL

Researchers from Hokkaido University Let Europium Shine Brighter

Researchers from Hokkaido University Let Europium Shine Brighter A stacked nanocarbon antenna makes a rare earth element shine 5 times more brightly than previous designs, with applications in molecular light-emitting devices. - The europium Eu(III) complex with nanocarbon antenna emitting fine red light. Read more »

EDITORIAL

Zhaga Summit – September 23rd in Bregenz

Zhaga Summit – September 23rd in Bregenz Luger Research and Zhaga are proud to announce that the 2020 LpS/TiL conference will host a Zhaga Summit. This one-day event will provide application-driven introductions to the latest Zhaga standards, review their market reception, and solicit inputs from the specifier community through workshops. Read more »

EDITORIAL

CIE Announces Availability of New Documentation: Test Method for OLED Luminaires and OLED Light Sources

CIE Announces Availability of New Documentation: Test Method for OLED Luminaires and OLED Light Sources The new CIE International Standard S 025-SP1/E:2019 is a supplement to CIE S 025:2015 Test Method for LED Lamps, LED Luminaires and LED Modules specifies the requirements for measurement of electrical, photometric, and colorimetric quantities of OLED luminaires and OLED light sources. These sources ... Read more »

EDITORIAL

Care, Caution & Awareness Are Needed When Using LED Lights

Care, Caution & Awareness Are Needed When Using LED Lights Kyra Xavia is a researcher, educator and investigative journalist based in New Zealand. Her roles as general secretary of the Light and Lighting Research Consortium (LLRC), delegate for the International Dark Sky Association (IDA), New Zealand Ambassador for Women in Lighting 2019, and co-leader of ... Read more »