The Board of OSRAM Licht AG has announced that it intends to transfer its general lighting/lamps (including both traditional and LED) business into an independent legal structure.
In fiscal 2013/14, this business generated worldwide sales of about 2 billion euros. The independent legal structure is to provide the basis for the further development (spinoff or sale).
OSRAM will be left with specialty lighting and components, mainly automotive lighting, as well as project lighting, which combined represent about 60% of the company’s revenues.
