About Go Scale Capital acquisition stake, OSRAM CFO said

According to reports, OSRAM chief financial officer Ingo Bank (January 10th) in an interview with Bloomberg denied the Chinese investors Go Scale Capital acquisition rumors.

In September 12, 2016, the media reported that the largest shareholder of OSRAM SIEMENS will sell its holdings of OSRAM shares to investors Chinese Go Scale Capital, but by the end of the year, trade unions in Germany's most powerful metal industry union (IG Metall) against corporate acquisitions, even forcing OSRAM to keep German Lighting Factory jobs.

OSRAM chief financial officer Ingo Bank

In an interview, Bank said that at that time did not accomplish anything, the company is satisfied with the existing shareholder structure.

In the interview, OSRAM chief financial officer pointed out that from the current shareholders financing to meet most of OSRAM's R & D investment activities, the Future Ltd will consider through acquisitions to strengthen its control and lighting, automotive lighting, electronics and software business. Bank does not specify the name of the company OSRAM plans to acquire.

With the release of the low profit general lighting business LEDVANCE, OSRAM is expected to be completed by 2020 from the lighting company to the transformation of high-tech companies.

After the reorganization, OSRAM will focus on three high-tech lighting business, these groups are the industry leader, such as LED semiconductor Osram Opto, special lighting, automotive lighting, etc..

Bank said that OSRAM plans to achieve an average of 7% to 9% of revenue growth in 2020, the annual income is expected to reach $5 billion ($5 billion 270 million), earnings per share (EPS) will double. (compile: LEDinside Nicole)

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