Acquisition of Siteco Lighting GmbH opens up further potential for growth in LED applications.
Erlangen, Germany, Osram is acquiring Siteco Lighting GmbH based in Traunreut/Germany from Barclays Private Equity. Siteco is a leading European lighting company with a worldwide workforce of 1250 and achieving revenue of around €220 million in fiscal year 2010. The company supplies luminaires and lighting systems for urban infrastructures such as public and commercial buildings, streets, tunnels, airports and sports stadiums. More than two thirds of the global lighting market is covered by luminaires and lighting systems. Read the story