MITSUBISHI electric and OSRAM peace break up to build a new lighting company

Abstract: MITSUBISHI motor 16, announced the lifting of a joint venture with the German lighting manufacturers OSRAM. For the joint venture of the 2 lighting companies, MITSUBISHI Electric will acquire shares held by OSRAM.

Cooperation between the two sides began in 1988, but in order to enhance the competitiveness of the future LED core business, MITSUBISHI motors think it is necessary to grasp the dominance of one party to speed up the decision-making. At the same time, MITSUBISHI also announced that it will set up a new and related lighting company in October 1, 2012, will be responsible for the lamp / fluorescent lamp manufacturing and sales business of MITSUBISHI electric lighting (MITSUBISHI motor holds 100% stake), and OSRAM (Osram) to set up a joint venture with OSR.

MITSUBISHI motor 16, announced the lifting of the joint venture with the German lighting manufacturers OSRAM. For the joint venture of the 2 lighting companies, MITSUBISHI Electric will acquire shares held by OSRAM.

Cooperation between the two sides began in 1988, but in order to enhance the competitiveness of the future LED core business, MITSUBISHI motors think it is necessary to grasp the dominance of one party to speed up the decision-making.

At the same time, MITSUBISHI also announced that it will set up a new and related lighting company in October 1, 2012, will be responsible for the lamp / fluorescent lamp manufacturing and sales business of MITSUBISHI electric lighting (MITSUBISHI motor holds 100% stake), and OSRAM (Osram) to set up a joint venture of OSRAM-MELCO (responsible for lamp / fluorescent lamp manufacturing business, MitsubishiElectricOsram (responsible) the lamp / fluorescent lamp sales) 3 lighting related subsidiaries were incorporated into the new company, then lighting enterprises will by 3 with 1 home, 3 home enterprise production and sales base will continue to operate.

MITSUBISHI pointed out that the 2011 Annual LED lighting related business accounted for the proportion of the 3 subsidiaries revenue of about 40%, the year 2012 will be further enhanced to the level of 60%, and the 3 subsidiaries merged into a new company, the new company will continue manufacturing positions using MITSUBISHI electric lighting and OSRAM-MELCO production.

MITSUBISHI said that after the integration of the above measures, the joint venture will be lifted and OSRAM, but the two sides will continue to work closely with the manufacturing and sales.

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