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Osram, Continental Launch Joint Automotive Lighting Venture

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OSRAM Continental GmbH, a joint venture created by automotive manufacturing company Continental and lighting manufacturer Osram, has launched to focus on intelligent automotive lighting. Following the successful completion of all negotiations and the issuance of merger control approvals, OSRAM Continental will initially employ around 1500 people at 16 locations worldwide, basing its headquarters in Munich. The company eventually plans to move the headquarters to Garching, Germany. Continental and Osram each hold a 50 percent stake in the joint venture, which is fully consolidated. ...Read full article

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    Published: August 2018
    BusinessContinentalOsramOsram ContinentalpartnershipsLight SourcesautomotiveEuropelight speed

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