NEWS
Osram sale confirmed

As predicted by Lux magazine, Siemens has confirmed that it will sell Osram later this year in a flotation. The German lamps-to-luminaires giant could raise up to £3 billion from investors.

The move is part of a wider reorganisation of Siemens divisions by chief Peter Löscher. Osram – the second-largest lighting company in the world after Philps, and the world leader in car lighting – isn’t seen as part of Siemen’s core business.

Last month Osram bought the technical German fitting maker Siteco, which fills out its luminaire offering and makes it more attractive to potential investors. It also makes Osram’s offer more comparable to rival Philips, which has increased its vertical integration with a string of luminaire brand purchases. In 2008 Osram bought LED specialist Traxon.

The global lighting market for components, luminaires and lighting systems is estimated by analysts at around £38 billion, over two-thirds of which is accounted for by luminaires and lighting systems. Driven by LEDs, the total market is expected to grow to around £55 billion by the year 2016.

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