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OSRAM Continental GmbH, a joint venture created by automotive manufacturing company Continental and lighting manufacturer Osram, has launched to focus on intelligent automotive lighting.
Following the successful completion of all negotiations and the issuance of merger control approvals, OSRAM Continental will initially employ around 1500 people at 16 locations worldwide, basing its headquarters in Munich. The company eventually plans to move the headquarters to Garching, Germany. Continental and Osram each hold a 50 percent stake in the joint venture, which is fully consolidated.
Continental and Osram are combining their strengths in automotive lighting, semiconductor-based lighting technologies, electronics, and software to develop state-of-the-art headlamp modules and solutions for tail and interior lighting for automotive manufacturers and suppliers.
The joint venture will utilize increasing digitalization on an ongoing basis in its vehicle lighting solutions in order to produce intelligent lighting functions for vehicles completely from one source. With its optimized approach to combining lighting and intelligent electronics, OSRAM Continental is also striving to ensure the market penetration of LED technology in all vehicle segments.
As such, the company is not only using software-based solutions to create a configurable light distribution system, but it is also developing intelligent lighting functions. Using data from the navigation system and sensors, vehicles equipped with these solutions in the future will, for example, be able to project warning messages for other road users while driving. The first products to be developed by the joint venture are expected to be ready for series production by 2021.
“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,” said Dirk Linzmeier, CEO of OSRAM Continental. “Building on these strong roots, OSRAM Continental will enable us to provide a significant boost to the market.”
“By launching our joint venture, we are generating confidence that the market for intelligent automotive lighting will continue to grow and be viable,” said Harald Renner, CFO of OSRAM Continental. “Furthermore, with our team, [composed 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.”READ MORE