Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Automotive Business Review
Return to: ABR Home | Parts, Tires and Aftermarket | Electrical Products | News Listing

OSRAM Continental JV starts operations

ABR Staff Writer Published 04 July 2018

The OSRAM Continental joint venture (JV), established by Osram and Continental, has started its operations to take automotive lighting to a new level.

Continental and Osram each hold 50% stake in the JV. The companies combine strengths to develop intelligent solutions for headlamps, tail and interior lighting.

The JV will initially employ 1,500 people across 16 locations in 9 countries. Its headquarters will be in Munich, Germany.

OSRAM Continental intends is to generate annual sales in millions of Euros in triple digits.

Continental said that the market vehicle lighting is presently undergoing a transition as it moving towards semiconductor-based lighting technologies. This results in software and electronics becoming more and more important and influential.

The two companies plan to combine their individual strengths in their respective areas and develop headlamp modules and solutions for tail and interior lighting for automotive manufacturers and suppliers.

It plans to use increasing digitalization on an ongoing basis in its vehicle lighting solutions to produce intelligent lighting functions for vehicles completely from one source. With this approach, the company claims that it can penetrate market with its LED technology across all vehicle segments.

OSRAM Continental CEO Dirk Linzmeier said: “Over the past few months, we have laid down a number of markers, which will allow us to create a new company that will rethink the future of automotive lighting. Building on these strong roots, OSRAM Continental will enable us to provide a significant boost to the market.”

The JV is planning to achieve growth rates of up to double digits annually for the next five years. It is based on strong growth in the market for LED along with laser-based lighting modules and solutions and associated electronics. Products developed by the joint venture are expected hit the market by 2021.

OSRAM Continental chief financial officer and general management member Harald Renner said: “By launching our joint venture, we are generating confidence that the market for intelligent automotive lighting will continue to grow and be viable.

"Furthermore, with our team comprising of management staff and experts from both companies, we will increase the speed of innovation as well as efficiency and integration. I am really looking forward to working with our new colleagues on developing exciting products.”

Image: OSRAM Continental chief financial officer Harald Renner (left) and OSRAM Continental CEO Dirk Linzmeier (right). Photo: Courtesy of Continental AG.