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

  • Nexans Appoints Timothy King to Lead its North American Business Unit

    Nexans Appoints Timothy King to Lead its North American Business Unit

    Nexans has recently announced the appointment of Timothy King as Vice President of BU North America for Nexans’ D&U AMEA Business. Mr. King brings two decades of experience starting his career at Pittsburg Plate & Glass where he held multiple finance positions. He began his journey in electrification and sustainability in several roles within Eaton… Read More…

  • Hammond Power Solutions Earns 2024 Great Place to Work Certification

    Hammond Power Solutions Earns 2024 Great Place to Work Certification

    Hammond Power Solutions (HPS) is proud to announce that it has been Certified by Great Place to Work at all Canada, USA and India locations.  This prestigious award is based entirely on what team members say about the company culture and real-time experience working at HPS. “At HPS we put people first, our team’s creativity and… Read More…


Peers & Profiles