Effective Oct. 4, 2016, Osram, a leading global lighting and technology company, has successfully completed the acquisition of Novità Technologies, a U.S. manufacturer of automotive LED modules which are used primarily in tail lights, fog lights and daytime running lights. With this move, Osram will further expand its position in the U.S. automotive LED market. “The successful closing of this transaction is a further step in our strategy to strengthen our leading position in automotive lighting and to expand our LED automotive portfolio for project business,” said Hans-Joachim Schwabe, CEO of the Specialty Lighting business unit. 

German lighting giant Osram announced two important developments in its automotive lighting business this month, such as supplying OLED taillights to BMW and its latest acquisition of U.S. automotive LED module manufacturer Novita Technologies. How will the acquisition affect the LED industry, though?