Thursday, April 14, 2011

Siemens plans Osram IPO

Siemens AG, the German industrial conglomerate, plans to publicly list its subsidiary Osram GmbH in the fall of 2011. Osram will become a publicly-listed lighting company with Siemens as a long-term anchor shareholder, with Wolfgang Dehen as its new CEO. As Osram GmbH prepares for its planned Initial Public Offering (IPO), Wolfgang Dehen will take over as the new president and CEO, with effect from April 1, 2011. Dehen succeeds Martin Goetzeler, who will assume the position of Chief Operating Officer. Osram, part of Siemens’ Industry sector, is the world’s second largest lighting manufacturer and had a turnover of EUR4.7 billion in the 2010 financial year after the largest Philips. The company has around 40,000 employees worldwide, supplying customers in 150 countries worldwide from its 46 production sites in 17 countries. “Osram has an outstanding position worldwide as Siemens’ lighting brand, and we intend to maintain our close ties to the future Osram AG as a long-term anchor shareholder,” said Siemens President and CEO Peter Löscher, adding that Siemens also wants to participate in future growth in the market for new lighting technologies. Osram GmbH has been a wholly owned subsidiary of Siemens AG since 1978. Siemens described its Osram subsidiary as “a leader in all relevant stages of the lighting value chain, for conventional as well as new technologies,” adding that Osram generates 20 percent of its total revenue with LED-based products. Siemens puts the total market for components, luminaires and lighting solutions at roughly EUR45 billion, with luminaires and lighting systems account for over two-thirds of this market. Driven by LED- and OLED-based lighting, the total market is expected to grow to around EUR65 billion by 2016. Only last month Osram announced its plans to further expand by acquiring Siteco, which is active in the market for luminaires and lighting solutions. Osram has been one of the technology leaders in LED designs and Manufactures, many of their products are lighting up the street, roads, Tunnels, bridges and Cities all over the world. They have factory running in Penang from Wafer fab, sawing, whole end of line assembly down the process to moulding, sawing, test sort and packaging in Penang, using the state of art LED Manufacturing from Major LED Equipment Suppliers. Osram Penang has been running for LED since the time Siemens Litronics in 1987. Osram has their major R & D centres in both Regensburg Germany and Penang. HK Snob

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