Germany - OSRAM (www.osram.com) is acquired from Barclays Private Equity in Germany Traunreut where the Siteco Lighting GmbH. Siteco is Europe's leading lighting company has 1,250 workers in the world, achieved fiscal 2010 revenues of approximately 22,000 million EUR.
Company to provide lighting for urban infrastructure and lighting systems, such as public business buildings, streets, tunnels, airports and sports.
Two-thirds of the global lighting market are covered lamps and lighting systems. "This acquisition, OARAM in dealing with major markets. As part of the main lighting manufacturers, we have solutions for business to further expand the capacity.
This applies to conventional energy-efficient lighting technologies, especially lamps and LED based systems, we look forward to the greatest development. "OSRAM's CEO Martin Goetzeler said. this deal to get approval from relevant antitrust authorities. The two sides agreed not to disclose the purchase price.
Siteco production of lamps in Germany and China, in Europe there are more than 15 sales companies and global sales network. The acquisition provides access to OSRAM lighting solutions for the broad market, the path, and in the indoor and outdoor lighting in the modern series.
And OSRAM will benefit from Siteco's development of new products, which originated with the end customers, architects, lighting designers and installers of cooperation experience.
For example Siteco responsible for the Munich Allianz Arena, Madrid Barajas Airport and the world's tallest building in Taiwan Taipeh Tower lighting. On the product spectrum and applications, Siteco file perfect addition OSRAM and by 2008 formed a joint venture Traxon technology product range.
For innovation, the demand for energy efficient lighting solutions, rapid growth. Now analysts expect the parts, lamps and lighting systems throughout the market is estimated at 45 billion euros, more than two-thirds of lamps and lighting systems. Driven by semiconductor technology, such as LED and OLED, 2016, the market may develop
