Siemens Sells Its Stake in Osram

October 23, 2017

Institutional investors have bought Siemens’ 18.155 million ordinary shares in Osram Licht AG for 1.2 billion euros (US$1.4 billion). The shares represent 17.34 % of Osram Licht AG’s issued share capital. Siemens will retain a small number of Osram Licht AG shares.

Osram was created in 1919 throughthe merger of the lighting businesses of Auergesellschaft, Siemens & Halske and Allgemeine Elektrizitäts-Gesellschaft (AEG). In July 2013, Siemens spun off Osram. Osram is a multinational corporation with headquarters in Munich. It employs around 34,000 people around the world, and has operations in over 120 countries. 

Siemens AG is active in more than 200 countries, focusing on electrification, automation and digitalization. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Related Articles

Changing Scene

  • Luminis Wins Two 2024 Product Innovation Awards

    Luminis is pleased to announce its Syrios Pro family and Jaki luminaires have each received a 2024 Product Innovation Award from Architectural Products magazine. The PIA program was created to celebrate the ground-breaking products, systems, and materials that help architects achieve new levels of creativity or performance in their design. Each entry is reviewed by… Read More…

  • NEMRA Announces Jeff Bristol as Vice President of the Newly Formed NEMRA Lighting Division

    The National Electrical Manufacturers Representatives Association (NEMRA) is proud to announce the appointment of Jeff Bristol as Vice President of the newly formed NEMRA Lighting Division. Jeff Bristol most recently served as Senior Vice President of Sales & Marketing for MaxLite, where he was responsible for developing and executing sales and marketing strategies across multiple… Read More…

Design

  • Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    August 6, 2024 Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1… Read More…

  • Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    In September 2020, the picturesque city of New Westminster near Vancouver in British Columbia suffered a devastating setback when an intentionally set fire destroyed much of the city’s waterfront park, including its urban beach, sand volleyball courts, and iconic art installation known as Wow Westminster. The fire, which burned for ten days before firefighters could… Read More…

New Products

  • SATCO|NUVO: Lacey Collection LED Smart Color-Changing Pendants

    SATCO|NUVO: Lacey Collection LED Smart Color-Changing Pendants

    The Lacey LED pendant collection combines sophisticated design with the advanced functionality of STARFISH Smart technology. Featuring beautiful lead free bubble crystal, these fixtures create a stunning interplay of light, texture, and color. Each bubble sparkles with vibrant hues, while traditional white tones, ranging from warm to natural light, offer a more classic lighting option.… Read More…

  • Contact Delage: New Ketra Lighting by Lutron – Make Your Clients Feel the Vibe

    Contact Delage: New Ketra Lighting by Lutron – Make Your Clients Feel the Vibe

    In a world where light plays a central role in architecture and design, Ketra Lighting by Lutron redefines how we illuminate spaces and influence emotions. With its unique approach and advanced capabilities, Ketra Lighting transforms every residential or commercial project into an immersive and personalized experience. Ketra Lighting stands out with its revolutionary technology, where… Read More…