The plans for the planned integration of the lighting technology group OSRAM under the umbrella of the smaller Austrian chip and sensor manufacturer ams are “well advanced”, according to the outgoing OSRAM boss Olaf Berlien. According to the speech, the manager said at the virtual general meeting: “
The management levels have been named, the control model has been approved.” Around 200 experts from 12 countries took care of hundreds of individual measures.
The process also ran as agreed on an equal footing. “Many of the tried and tested structures and processes from OSRAM were carried over into the future.” Almost the entire OSRAM management level has found a comparable function in the joint company.
ams intends to fully integrate OSRAM when the domination and profit and loss transfer agreement approved by an extraordinary general meeting last November is entered in the commercial register. So far, two lawsuits have prevented this. OSRAM has achieved that the contract can be entered “at short notice”, said Berlien, who is leaving the company at the end of the month.
In the future, OSRAM will be managed by ams CFO Ingo Bank. He was in the same position at OSRAM until nine months ago and therefore knows the long-established company well.
ams papers are temporarily cheaper in Swiss trade by 0.40 percent to CHF 22.15. Via XETRA, OSRAM shares are now up 0.94 percent to EUR 51.52.
FRANKFURT (Dow Jones)