For those of you involved in the burgeoning product and
systems design areas involving the use of LEDs, Siemens announced some big news
at Hannover Fair. The company says that it plans to publicly list Osram GmbH in
the fall of 2011. The company is currently a subsidiary of Siemens.
Siemens will retain a minority stake in Osram.
"With the IPO, we want to give Osram complete
entrepreneurial freedom to comprehensively further develop its leading competitive
position in a lighting market being swept by technological changes," said Siemens
President and CEO Peter Loescher.
Siemens also clearly wants to participate in future growth
in the market for new lighting technologies.
Twenty percent of Osram's total revenues are currently derived
from its LED products. Overall,
energy-efficient products account for 70 percent of Osram revenue. Green lighting in general and LED in
particular are expected to skyrocket in use as prices come down for these
can read more about LEDs increased use by designers here).
Driven by semiconductor-based technologies like LEDs and
organic LEDs, the total lighting market is expected to grow to around 65
billion Euros by 2016 -- an increase of 20 billion Euros from today.
With regard to personnel changes around the IPO, Wolfgang
Dehen, currently member of Siemens' managing board and CEO of the Energy
Sector, has been appointed to head the Osram Executive Board for the IPO. Following the transformation of Osram GmbH
into a publicly listed company, he will serve as its president and CEO.
Martin Goetzeler has resigned his position as CEO of the executive
board of Osram GmbH and has been appointed COO of Osram. He will continue to
perform this function as a member of the Osram managing board after the
establishment of Osram AG.
Fifty-six-year-old Pasquale Russo has been doing metalwork for more than 30 years in a tiny southern Italy village. Many craftsmen like him brought with them fabrication skills when they came from the Old World to America.
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