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2016-07-22

Osram Acquires U.S. Automotive LED Module Specialist Novità

As part of the three-pillar strategy announced last November, Osram is further expanding the leading position of its Specialty Lighting (SP) business. The company has agreed to acquire Novità Technologies, a U.S. manufacturer of automotive LED modules which are used particularly in tail lights, fog lights and daytime running lights. The acquisition will immediately be margin-accretive in the Specialty Lighting segment.
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