Press information
Closing of sale of OSRAM´s tungsten business to Plansee Group
Approval of the relevant antitrust authorities received
OSRAM, one of the leading lighting manufacturers of the world, today announced the closing of the sale of its Global Tungsten and Powders (GTP) business unit to Plansee Group, of Reutte, Austria. The relevant antitrust authorities approved the deal. The sale will include a United States facility in Towanda, PA and Sylvania Tungsten s. r.o., a subsidiary of OSRAM's Bruntál operation in the Czech Republic. The parties originally agreed to the sale in a purchase agreement signed April 22nd. The sale price was not disclosed.
The Global Tungsten and Powders business has more than 1000 employees. Its sales accounted for approximately 280 million EUR in Fiscal Year 2007. GTP had diversified well beyond the lighting products that are OSRAM's strategic focus. In joining Plansee, the GTP division is now part of a leading supplier of powder metallurgical products and components. OSRAM's prematerial resources will be focused on its core lighting business. The company's remaining prematerial activities, such as glass and coil production at other locations, will remain a strategically important part of OSRAM's business.
ABOUT OSRAM
OSRAM is part of the Industry sector of Siemens and one of the two leading lighting manufacturers in the world. Sales for the OSRAM group worldwide in the year ending September 30, 2007 totaled 4.7 billion euros, 88 percent of which came from outside Germany. OSRAM is a high-tech company in the lighting industry. Around 60 percent of sales come from energy-efficient products. This global player employs more than 41,000 people worldwide, supplies customers in some 150 countries and has 48 production facilities in 17 countries.
ABOUT THE PLANSEE GROUP
With its four divisions - PLANSEE High Performance Materials, GTP Tungsten & Powders, CERATIZIT and PMG - the Plansee Group is one of the world's leading suppliers of powder metallurgical products and components. The Group achieved worldwide sales of over 1.5 billion euros in the 2007/08 fiscal year (ignoring differing shares of ownership) and employed a total of 9,350 people.
Note
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Press contact:
OSRAM
Reglindis Pfeiffer
Tel: +49-89-6213-2305
Fax: +49-89-6213-3457
Email: reglindis.pfeiffer@osram.de