Continental, Osram sign lighting JV contract

5th April 2018 | 0 Comments
 
Continental, Osram sign lighting JV contract
Hans-Joachim Schwabe, CEO of the Speciality Lighting business unit at Osram Licht (left), and Andreas Wolf, head of the Body & Security business unit at Continental

Negotiations between Continental and lighting manufacturer Osram have concluded with the two parties in agreement on the shape and form of their new Osram Continental GmbH joint venture. Each of the partners will hold a 50 per cent share in the business, with Continental’s Harald Renner acting as chief financial officer and Dirk Linzmeier from Osram taking on the role of chief executive officer. Osram Continental is expected to be up and running in the second half of 2018 once all necessary approvals have been granted.

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