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© tamas ambrits dreamstime.com Components | July 13, 2017

Osram in talks with Continental regarding JV

Osram Licht AG confirms that its has held negotiations with Continental AG regarding the formation of a joint venture for intelligent lighting solutions in the automotive segment.
The company has issued the following statement due to certain media speculations:

“Osram Licht AG has been engaged in negotiations with Continental AG regarding a potential formation of a joint venture for intelligent lighting solutions in the automotive segment. In this context, no agreement on material commercial terms has been reached yet.”

The concerned Osram business with automotive, semiconductor-based light modules is part of its "Specialty Lighting" business unit and generated a revenue of approximately EUR 150 million in fiscal year 2016.

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August 13 2017 4:10 PM V8.5.9-2