On March 25, amsOSRAM announced that it plans to sell German Automotive Lighting Systems (AMLS, Automo-tive Lighting Systems GmbH) to French auto parts supplier PlasticOmnium for 65 million euros (equivalent to approximately RMB 454 million). An agreement has been reached and the transaction is expected to close in the third quarter of this year, subject to customary closing conditions.
According to reports, amsOSRAM established the German automotive lighting system company AMLS on October 1, 2021 after dissolving the joint venture between Osram and Continental (OSRAM Continental). Headquartered in Munich, Germany, AMLS has approximately 770 employees in 9 locations around the world, including 120 engineers working in 5 professional R&D centers. AMLS is committed to integrating lighting technology with electronic devices and software to develop intelligent and innovative complete lighting system solutions for the automotive industry. In 2021, AMLS will achieve revenue of 148 million euros.
PIO is a Tier-1 automotive supplier, headquartered in France, with 30,000 employees, and its annual revenue in 2021 will reach 8 billion euros. In the 2021 Top 100 Global Auto Parts Suppliers list released by Automotive News in 2021, PIO ranked 25th.
Through the acquisition of AMLS, PIO will further open up the automotive lighting market with huge growth potential to meet the growing demand of OEM customers for smart auto parts, and will also have the opportunity to enter new market segments.
It is worth noting that after the divestiture of AMLS, amsOSRAM will continue to supply automotive LED and optical components to PIO. The automotive lighting business sold this time also does not include other technologies and products that amsOSRAM supplies to automotive OME manufacturers and the automotive aftermarket.
amsOSRAM said that as a leader in automotive optical solutions, the group will continue to focus on the field of automotive optical components, providing innovations for automotive components including automotive lighting (covering the entire spectral range from visible light to invisible light) and automotive sensing applications component products. These specific applications include drives, interior monitoring systems, dynamic and static exterior lighting, RGB interior lighting, LiDAR for autonomous driving and ADAS, HUDs (head-up displays), gesture sensing, and more.
