Osram of Munich Germany and Continental of Wilmington, Massachusetts have agreed to start a joint venture to be called Osram Continental, which is scheduled to begin operations in the second half of 2018. The 50/50 joint venture will combine Osram’s technology and knowledge related to automotive lighting, light controls, sensor electronics, and lasers with Continental’s expertise.
Continental Specializes in Automotive Electronics
Continental offers expertise in vehicle electronics systems including instrument clusters, radios, multifunctional and head-up displays, control units, access control and tire-information systems, control panels, input devices, infotainment systems, climate control units, software, cockpits, in addition to services and solutions for telematics and Intelligent Transportation Systems.
Dirk Linzmeier from Osram will be the new company’s CEO, and Continental appointed Harald Renner to be CFO for the venture.
New Company to be Called Osram Continental
While the joint venture will be headquartered in the region of Munich, it will operate globally to ensure fast development cycles with local customers. Hendersonville, Tennessee will be the location of Osram Continental’s U.S. operations. The new firm’s product portfolio will include LED modules for front and rear headlights, laser modules, and light control units.
“Digitalization is creating new possibilities in automotive lighting applications and, in turn, tremendous opportunities that we want to leverage with Continental,” said Hans-Joachim Schwabe, CEO of Osram’s Specialty Lighting division. “By joining forces, we will be in an even better position to drive innovations by working closely with the automotive industry, seamlessly integrating lighting, sensor technology and electronics in a single application. This will allow us to advance new intelligent light functions, such as the combination of lighting and sensor technology in a module or light-based communication between the driver, other road users and the vehicle’s surroundings.”
Andreas Wolf, head of Continental’s Body & Security business unit, added, “The joint venture puts us in a unique position to drive technological change in the automotive lighting market and to develop intelligent lighting solutions by combining our expertise in software and electronics with Osram’s automotive lighting expertise. The innovations Osram and Continental bring to this joint venture will allow us to offer our customers an unrivaled and unprecedented portfolio in the lighting market.”