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    Breaking News

    Osram Sells Siteco Luminaires Business to Stern Stewart Capital

    With the sale, Osram is continuing its transformation to a high-tech company.

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    06.26.19
    Osram has found a new owner for the Siteco luminaires business in Stern Stewart Capital. Stern Stewart Capital intends to continue the current transformation approach. Separation from Osram gives Siteco entrepreneurial freedom. The cost situation is also improved with the elimination of previous Group structures. With the sale of the luminaires business, Osram is continuing its transformation to a high-tech company.
     
    “Stern Stewart will be undertaking an entrepreneurial role and offers Siteco and its employees good prospects,” said Olaf Berlien, CEO of OSRAM Licht AG. “In this way, we can ensure strategic and operational continuity for Siteco, while Osram continues to sharpen its profile as a photonics champion.”
     
    Both parties have agreed not to disclose any financial details of the transaction. In the previous fiscal year, the luminaire specialist based in Traunreut, Germany, employed approximtely 900 people and generated revenue of more than €200 million. Thanks to its realignment, the company was in the black on an operational basis for the first time in years. 
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      Osram LEDriving headlamp for the VW Golf VII, Optotronic LED drivers family are honored.
      05.30.19

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      SALDtech Receives More Funding to Enable Mass Production of Next-Gen Foldable OLED Displays

      Closed a second investment round with Innovation Industries and BOM.
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    • Breaking News | Displays and Lighting | Semiconductors and Quantum Dots
      Quantum Dots from Osram Help Make LEDs More Efficient

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    • Breaking News | Displays and Lighting | Financial News | Sensors and Wearables
      Osram Discloses Figures for 2Q 2019

      Osram Discloses Figures for 2Q 2019

      Revenue fell by 13.5% to €862 million from January to the end of March, with an adjusted EBITDA margin of 8.1%.
      05.09.19

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      IDC: Smartphone Shipments Experience Deeper Decline in Q1 2019

      IDC: Smartphone Shipments Experience Deeper Decline in Q1 2019

      US smartphone volumes declined 15% year over year during the quarter as replacement rates continue to slow.
      05.06.19

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