Osram and Continental confirmed discussions about the future of their cooperation.
The joint headlight company of the automotive supplier Continental and the lighting group Osram could possibly soon be dissolved.
The Dax group from Hanover said last week that both sides are holding talks about the JV. Nothing has been decided yet. However, the company did not want to comment on the question of whether a sale or a reintegration of the activities was conceivable, as did the further schedule. Also from Osram it was said only that one was in talks, but there was still no decision. The “Wirtschaftswoche” had previously reported about it.
There are around 1,500 employees in Munich who deal with automotive lighting technology. However, industry circles heard last week that the future for the JV could look dark. Neither Continental nor the future Osram majority owner AMS would be very interested in it.
Continental – the world’s second largest automotive supplier after Bosch – is currently converting its structures in the direction of electronics, sensors, electromobility and software. Light and LED technology are also considered future technologies in the industry, but the Hanoverians’ focus in the future will be primarily on IT systems and networking. The classic drive division will also soon be spun off into an independent company.
Osram, a German multinational lighting manufacturer headquartered in Munich, Germany. is currently being taken over by the Austrian sensor specialist AMS. Its portfolio ranges from LEDs, sensors, and modules to light management systems