1 April 2022
ams OSRAM selling Automotive Lighting Systems business to Plastic Omnium
ams OSRAM of Premstaetten, Austria has agreed to sell its independent AMLS (Automotive Lighting Systems GmbH) business to Plastic Omnium for €65m.
With about 770 staff at nine locations worldwide (including 120 engineers working in five dedicated R&D facilities), AMLS generated €148m in revenue in 2021. Headquartered in France, Plastic Omnium is a strongly growing automotive tier-1 supplier group with 30,000 staff serving a global customer base, and annual revenue of €8bn in 2021.
The transaction represents a further step in the implementation of ams OSRAM’s strategy to focus on dedicated strategic core technology and to divest businesses that are not seen as core to the corporate strategy. ams OSRAM will continue to be a key supplier of automotive LEDs and optical components to Plastic Omnium. This deal does not include other ams OSRAM technologies and products for automotive OEM and the automotive after-market.
ams OSRAM Automotive Lighting Systems was established on 1 October 2021 following the dissolution of the OSRAM Continental joint venture. Headquartered in Munich, Germany, AMLS combines lighting technology with electronics and software to develop smart full lighting systems for the automotive industry.
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, light detection & ranging (LiDAR) for autonomous driving and advanced driver-assistance systems (ADAS), head-up displays, and gesture sensing.
“Our portfolios are highly complementary; together we expect to expand our market access and we share a similar mission and mindset,” says AMLS’ general manager Dr Dirk Linzmeier. “We look forward to joining Plastic Omnium to establish a strong mobility lighting player built on AMLS’ portfolio of innovative technologies,” he adds.
“The acquisition of AMLS is a unique opportunity to take an important step into the growing innovative lighting systems segment,” says Plastic Omnium’s CEO Laurent Favre. “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.”
The transaction is expected to be finalized in third-quarter 2022, subject to customary closing conditions.