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The joint venture OSRAM Continental GmbH, created by the two technology companies Continental and Osram, has begun its work. After the completion of all the negotiations and the issuance of approvals of acquisitions, the new company was launched as planned in the second half of 2018.
OSRAM Continental will hire from all over the world. firstly 1,500 people in 16 sites around the world.
In Romania, OSRAM Continental will operate in Iasi. The team will collaborate with teams from different countries.
The seat is in Munich (Germany). The project is to move the headquarters to Garching (Germany). The joint venture aims to generate annual sales in the mid-range triple digit in millions of euros. Continental and Osram each hold a 50% interest in the joint venture, which is fully strengthened in the case of Osram.
OSRAM Continental forecasts annual growth rates of up to two digits for the next five years. This is based on a strong market development for LED modules and solutions, as well as associated laser and electronic lighting systems. The first products developed by the company will be ready for serial production by 2021.
Dirk Linzmeier, CEO of OSRAM Continental, already has great expectations for the start of the joint venture: " In recent months, we have set a series of goals that will allow us to create a new business.This will rethink the future of automotive lighting.With these strong roots, OSRAM Continental will allow us to significantly boost the market. . "
" In launching this joint venture, we are confident that the smart vehicle lighting market will continue to grow and be viable. In addition, with our team of executives and experts from both companies, we will accelerate the speed of innovation, as well as efficiency and integration.I look forward to working with our new colleagues to develop fascinating products, "said Harald Renner, CFO and OSRAM Continental GmbH
The market for vehicle lighting in the automotive industry is currently in a period of transition, geared towards the technologies of the automotive industry. semiconductor lighting. As a result, software and electronics are becoming increasingly important and influential. Continental and Osram therefore combine their strengths in each of these areas and develop advanced phase modules and interior lighting solutions for automakers.
The new company will use scanning in its automotive lighting solutions to develop intelligent lighting functions for cars, from a single source. Thanks to its optimized combination of lighting and intelligent electronics, OSRAM Continental also strives to ensure the penetration of LED technology on all vehicle segments.
As such, the company does not only use software solutions to create a configurable light distribution system – for example for low beam and high beam – but also develop intelligent lighting functions. Thanks to navigation and sensor data, vehicles equipped with these solutions in the future can, for example, design warning messages for other road users
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