2022-07-05

ams OSRAM announces the closing of the sale of the AMLS business to Plastic Omnium

Premstaetten, Austria and Munich, Germany (1 July 2022) -- ams OSRAM (SIX: AMS), a global leader in optical solutions, announces the closing of the sale of the AMLS (Automotive Lighting Systems) business to Plastic Omnium (Euronext: POM). ams OSRAM will continue to be a key supplier of automotive LED and optical components to Plastic Omnium.   AMLS was established on 1 October 2021 following the dissolution of the OSRAM Continental joint venture. AMLS combines lighting technology with electronics and software to develop...
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2022-03-28

ams OSRAM signs agreement to sell the AMLS business to Plastic Omnium

Premstaetten, Austria (25 March 2022) – ams OSRAM (SIX: AMS), a global leader in optical solutions, announced the agreement to sell the independent and dedicated AMLS (Automo-tive Lighting Systems GmbH) business to Plastic Omnium (Euronext: POM) for a purchase price of EUR 65 million. The transaction represents a further step in the implementation of ams OSRAM’s previously communicated strategy to focus on dedicated strategic core tech-nology and divesting businesses that are not seen as core to the corporate strategy. ams OSRAM will con...
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Absen Europe has opened a group buying promotion for the SA1.5, the latest evolution of its Saturn Series, available exclusively to European rental and staging companies through 30th September 2026. The programme gives partners the ability to bui... READ MORE