© Osram Business | July 04, 2019
Osram sells and talks to investor
Osram Licht AG confirms that it has received a binding offer from the financial consortium Bain Capital and The Carlyle Group. Furthermore, Osram has found a new owner for the Siteco luminaires business in Stern Stewart Capital.
The offer sees to "conclude an investor agreement and to make a public takeover offer to the shareholders of the company for an amount of 35 Euro per share. The responsible decision bodies will discuss and decide on this offer shortly", a short company announcement reads. No further information was given. On a side note; Osram has sold the Siteco luminaires business to Stern Stewart Capital. Separation from Osram gives Siteco entrepreneurial freedom, a press release explains. The cost situation would also be improved with the elimination of previous Group structures. “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.” From Stern Stewart Capital’s point of view, Siteco stands for innovative lighting technology engineered and made in Germany. “We are looking forward to providing entrepreneurial support to the highly motivated Siteco team and management", said Markus Pertl, Managing Partner of Stern Stewart Capital. 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 about 900 people and generated revenue of more than EUR 200 million.
Hella starts the new fiscal year better than expected Despite the continuing negative effects of the Covid-19 pandemic on the global automotive industry, automotive supplier HELLA reported better than originally expected results for the first three months of fiscal year 2020/2021.
The US tightens control of export to China’s SMIC Back in early September, Semiconductor Manufacturing International Corporation (SMIC) found itself in the news regarding a potential US ban, much like the one experienced by Huawei. Fast forward until now and by the looks of it, SMIC is out in the cold.
Maxim and Serial Microelectronics sign distribution agreement Serial Microelectronics (SMHK) has entered into a distribution agreement with Maxim Integrated Products for the distribution of all Maxim’s products in China and Hong Kong.
Jenoptik completes acquisition of TRIOPTICS With the closing on September 24, 2020 Jenoptik has successfully completed the acquisition of the first tranche of 75% of the Hamburg-based optics specialist TRIOPTICS, which had been anticipated for the third quarter.
TSMC looking to create a local manufacturing hub – going beyond 2 nanometers The worlds biggest contract chipmaker is reportedly planning to make northern Taiwan its manufacturing hub for technologies that go beyond 2 nanometers.
Foxconn invests in SigmaSense Touch screen technology company, SigmaSense, has closed a USD 22 million Series A funding round led by Foxconn Technology Group.
Diodes gets green light for Lite-On acquisition from China Diodes Incorporated says it has received approval from the China’s State Administration for Market Regulation (SAMR) to proceed with its planned acquisition of Lite-On Semiconductor which was announced last year.
AT&S develops new solutions for autonomous driving Step by step, automated driving is increasingly becoming a feature of our mobility. With each step, increasing data volumes need to be processed fast to allow quick reactions to any given situation. AT&S is developing a robust and resilient interconnect concept for a high-performance computer chip.
Sponsored content by ElectrolubeDesign Challenges And The Impact On Coating Success Phil Kinner, conformal coatings technical director discusses how As assemblies become ever more densely populated, the need to carefully consider your conformal coating process is becoming increasingly more important.
Aurora Labs attracts $23 million in series B funding round Aurora Labs has secured USD 23 million in Series B funding from several automotive manufacturers, electronics and technology corporations and venture capitalists.
SCHOTT acquires INCOM’s MEGAdraw business SCHOTT North America, Inc. says it has successfully closed the acquisition of INCOM, Inc.’s MEGAdraw business.
Zinc8 team up with Vijai Electricals to explore JV opportunities Canadian battery technology company Zinc8 Energy Solutions, has signed an agreement in principle with Vijai Electricals Ltd from Hyderabad, India. The parties have agreed to explore joint-venture projects concerning the deployment of Zinc8's patented Zinc-Air Energy Storage System.
Intel names new SvP and Chief Strategy Officer Intel Corporation has appointed Safroadu (Saf) Yeboah-Amankwah as senior vice president and chief strategy officer. He will take on his new position on the first of November, 2020.
Edwards to set up centre in Dublin The development represents an investment of USD 5.7 million and will create 120 new jobs.
LEMO expands and inaugurates new production site About 400 metres from the company's main production site in St-Croix, Switzerland, LEMO has has just opened its new REDEL 2 production site
Vicor ink global distribution agreement with Arrow Vicor Corporation has expanded its Europe, Middle East and Africa relationship with Arrow Electronics, Inc. to a global distribution agreement.
Hemlock Semiconductor acquires DuPont TCS business The Michigan-based provider of ultra-pure polycrystalline silicon announces its acquisition of a DuPont business that makes trichlorosilane (TCS), the primary raw material used in producing the ultra-pure polysilicon HSC supplies to the semiconductor and solar industries.
Huawei opens 5G test centre in Serbia The company has officially opened its latest European centre for innovation and digital development and 5G test lab in Belgrade, Serbia.
First Sensor plans to sell its subsidiaries in USA and France to TE Connectivity Berlin-based First Sensor says it is planning to sell its US-based subsidiary in California, as well as its unit in Paris, France to TE Connectivity.
Silvaco acquires the assets of Coupling Wave Solutions S.A. EDA software and design IP supplier, Silvaco, has completed its acquisition of the assets of Coupling Wave Solutions S.A. (CWS), including IP, patents, and analysis technologies.
Nvidia / Arm deal dubbed as ‘disaster’ by Arm-cofounder The news that US-based Nvidia will acquire Arm from SoftBank Group in a USD 40 billion deal has already sparked some backlash within the industry. One of the vocal parties is Arm-cofounder, Hermann Hauser, who called the deal a disaster and said that it should be blocked.
Everlight criminally convicted for misappropriating Seoul Semi trade secrets LED technology supplier, Seoul Semiconductor, says that the Korean Suwon District Court convicted Everlight Electronics of criminal misappropriation of Seoul’s trade secrets.
It's official - NVIDIA to acquire Arm for $40 billion NVIDIA and SoftBank have entered into a definitive agreement under which NVIDIA will acquire Arm Limited from SoftBank in a transaction valued at USD 40 billion.
Tower Semi: 'all sites up and running following cyber attack' Tower Semiconductor says that all of its manufacturing sites are operational, and targeting full capability within the next few days, following the recovery from the cyber event a few days ago.
Jenoptik invests in new system from ClassOne Jenoptik has invested in a new Solstice LT electroplating system from semiconductor equipment manufacturer ClassOne Technology. The new system will be used for manufacturing semiconductor material for high-power diode lasers at Jenoptik's semiconductor production facility in Berlin-Adlershof, Germany.Load more news
- TSMC looking to create a local manufacturing hub – going beyond 2 nanometers
- Scanfil's Polish unit is ready for industry 4.0
- TDK-Lambda to redevelop UK manufacturing facility
- The birth of a new European battery manufacturing player
- China’s smartphone market prepares for reshuffling as new sanctions against Huawei take effect