Continental today announced that it has successfully concluded negotiations with Osram on the joint venture (JV) company, called Osram Continental GmbH. The JV, in which both companies have equal stake, aims to combine the partners’ expertise in lighting, light control and electronics, and is expected to start in the second half of 2018. The company will hire about 1,500 employees, and fix a sales target in the mid-triple-digit-million-euro range, the company noted. CEO of the JV company Dirk Linzmeier comes from Osram, while CFO Harald Renner is from Continental. The companies had made the announcement of joining together to develop automotive lighting solutions in November, 2017.
Osram Continental GmbH will be based within the region of Munich, Germany, but will operate globally to ensure rapid development cycles with customers in their local areas, Continental said. It added that the company’s product portfolio will feature semiconductor-based lighting modules such as LED modules for front and rear headlights, laser modules and light control units.
Andreas Wolf, Head, Body and Security business unit, Continental, said the company wants to actively drive forward technological change in the lighting market within the automotive industry. He added that Continental is also looking at developing more innovative and intelligent lighting solutions. The JV will help Continental to establish the conditions for this since it combines the company’s expertise in software and electronics with Osram’s automotive lighting expertise, noted Wolf. He added, “as such, we will be able to offer our customers an unrivalled portfolio in the lighting market.”
Digitalisation is creating new potential applications in automotive lighting and, in turn, tremendous opportunities that the company wants to leverage with Continental, noted Hans-Joachim Schwabe, CEO, Specialty Lighting division, Osram. He said that the partners will be in a better position to drive forward innovations by working closely with the automotive industry to integrate lighting, sensor technology and electronics seamlessly in a single application. “This will allow us to advance new intelligent light functions such as the combination of lighting and sensor technology in a module or light-based communication between the driver, other road users and the vehicle’s surroundings,” Schwabe added.