OSRAM will split General Lighting business
In 2013 spin-off from Siemens (SIEMENS) out of OSRAM LED lighting manufacturers have a new action! According to Reuters that the Osram plans to spin off or sell its less profitable general lighting business, and the establishment of an independent company, a move Help OSRAM future can be more focused in automotive lighting and LED components.
OSRAM's business consists of the spin-off of 40% of traditional bulbs, ballasts (Classic Lamps & Ballasts, CLB), as well as LED lighting and Systems (LED Lamps & Systems, LLS), these operations accounted for OSRAM entire revenue. According to Reuters that the sales of this business in fiscal year 2014 decreased by about 15 percent to 1.96 billion euros, while the business of EBITDA (profit tax interest depreciation and amortization) was 4.6% lower than the average standard.
After the spin-off Osram will retain its special lighting, automotive lighting, LED components, as well as Osram Opto products. Meanwhile Osram also said the future will not rule out seeking partners, this program will be handed over to the Commission's April 28.
With the rise of Asia LED lighting manufacturers, low-cost Asian manufacturers become advantage, forcing most of the traditional European lighting manufacturers big moves in response to changes in the lighting market. The spin-off plan Osram lighting business, can not help but think of its path similar to Philips, Osram What will the next action is also of concern.