EQS-News: ams-OSRAM AG: ams OSRAM signs agreement to sell the AMLS business to Plastic Omnium

EQS-News: ams-OSRAM AG / Key word(s): Disposal
ams-OSRAM AG: ams OSRAM signs agreement to sell the AMLS business to
Plastic Omnium

25.03.2022 / 07:51
The issuer is solely responsible for the content of this announcement.

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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 (Automotive 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 technology and divesting businesses that are not seen as core to the
corporate strategy. ams OSRAM will continue to be a key supplier of
automotive LED and optical components to Plastic Omnium. This transaction
does not include other ams OSRAM technologies and products for automotive
OEM and the automotive aftermarket.

ams OSRAM Automotive Lighting Systems GmbH was established on 1^October
2021 following the dissolution of the OSRAM Continental joint venture.
Headquartered in Munich, AMLS combines lighting technology with
electronics and software to develop smart and innovative full lighting
systems for the automotive industry.

As an industry leader in automotive optical solutions, ams OSRAM will
continue to provide the high-tech innovation in components for automotive,
including automotive lighting, covering the entire light spectrum – from
visible to invisible light – and sensing applications for the automotive
industry. This includes key automotive technology to support optical
applications such as driver and interior monitoring, dynamic and static
exterior lighting, RGB interior lighting, LiDAR for autonomous driving and
advanced driver-assistance systems (ADAS), head-up display, gesture
sensing to name but a few areas of innovation.

Dr. Dirk Linzmeier, General Manager of AMLS, comments on the acquisition:
„The combination of Plastic Omnium and AMLS makes perfect sense. Our
portfolios are highly complementary, together we expect to expand our
market access and we share a similar mission and mindset. We look forward
to joining Plastic Omnium to establish a strong mobility lighting player
built on AMLS‘ portfolio of innovative technologies.“

„The acquisition of AMLS is a unique opportunity to take an important step
into the growing innovative lighting systems segment. Thanks to its
advanced product portfolio, strong expertise, balanced footprint, and the
quality of its team, this acquisition will allow Plastic Omnium to
accelerate its ambitious strategy to meet growing OEM customer demand for
smart body car parts and opens up the potential to enter new market
segments. We are excited about this latest addition to the Group,“ said
Laurent Favre, CEO of Plastic Omnium.

The AMLS business generated EUR 148 million in revenues in 2021, has
around 770 employees at nine locations worldwide, including 120 engineers
working in five dedicated R&D facilities. With Plastic Omnium, AMLS will
join a world-renowned and strongly growing Automotive Tier 1 supplier
group with 30,000 employees serving a global customer base. Headquartered
in France, the company posted an annual revenue of EUR eight billion for
2021.

The closing of the transaction is expected in the third quarter 2022
subject to customary closing conditions.

About ams OSRAM

The ams OSRAM Group (SIX: AMS) is a global leader in optical solutions. By
adding intelligence to light and passion to innovation, we enrich people’s
lives. This is what we mean by Sensing is Life.

With over 110 years of combined history, our core is defined by
imagination, deep engineering expertise and the ability to provide global
industrial capacity in sensor and light technologies. We create exciting
innovations that enable our customers in the consumer, automotive,
healthcare and industrial sectors maintain their competitive edge and
drive innovation that meaningfully improves the quality of life in terms
of health, safety and convenience, while reducing impact on the
environment.

Our around 24,000 employees worldwide focus on innovation across sensing,
illumination and visualization to make journeys safer, medical diagnosis
more accurate and daily moments in communication a richer experience. Our
work creates technology for breakthrough applications, which is reflected
in over 15,000 patents granted and applied. Headquartered in
Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
the group achieved over EUR 5 billion revenues in 2021 and is listed as
ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).
Find out more about us on [1] https://ams-osram.com

ams is a registered trademark of ams-OSRAM AG. In addition many of our
products and services are registered or filed trademarks of ams OSRAM
Group. All other company or product names mentioned herein may be
trademarks or registered trademarks of their respective owners.

Join ams OSRAM social media channels: [2]>Twitter [3]>LinkedIn
[4]>Facebook [5]>YouTube

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25.03.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams-osram.com
Internet: https://ams-osram.com/
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange
(Third Market (MTF))
EQS News ID: 1311637

 
End of News EQS News Service

1311637  25.03.2022 

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