OSRAM is seeking mergers and acquisitions, mergers and acquisitions amounted to 500 million euros

According to the Reuters reported on 15, the German lighting company OSRAM Ingo Bank chief financial officer in the German media "Securities Daily" on Saturday (15 days) said in an interview published, OSRAM is seeking mergers and acquisitions, mergers and acquisitions totaling 500 million euros ($530 million), although there is no specific trading plan.

Ingo Bank said OSRAM hopes to strengthen the field of electronics and software under its automotive lighting sector, and is looking to acquire the target or partner.

He also said that the acquisition of optoelectronic semiconductor business is also very attractive to OSRAM. OSRAM has a large amount of money after the sale of the lighting department LEDvance, the sale of the company brought about 500 million euros in total revenue.

Securities News quoted Bank said: OSRAM has a strong strength and ability to act, but not for acquisitions and acquisitions." (compile: LEDinside Nicole)

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