Osram takeover bids failed, company will now reshape an independent future

Osram intends to continue its transformation to a high-tech photonics company as an independent entity, following the failure of the recent takeover attempts by Austrian company ams. The US-based investment groups Advent and Bain Capital remain interested and are currently inspecting the books with a view to submitting an offer for Osram.

“We are now retaining our independence and will shape our own future”, said Olaf Berlien, CEO of Osram Licht AG. “Our strategy is the right path to medium- and long-term growth. The final bid of 41 euros per share clearly shows the value attached to our company, even in the current difficult economic environment.”

ams, which has acquired almost 20 percent of Osram shares in recent weeks, is now regarded as “a new anchor investor” and Osram management has invited ams to discuss “a meaningful and mutually beneficial collaboration within the framework of legal requirements”.

Whether or not Advent and Bain Capital do make an offer, and irrespective of the outcome of the talks with ams, Osram says it intends to proceed with its existing strategic plans for its transformation to a high-tech photonics company.

Osram is focusing primarily on the following areas: streamlining of the product portfolio, rapid expansion of future-oriented products, optimization of all business areas and improvement of profitability.

In mid November Osram is due to publish results for the year ended 30 September. That will also be the date for presenting “the new Osram plan”, with an outlook for 2020 and details of its further evolution.