Osram completes acquisition of Ring

Published:  02 May, 2019

Following approval being granted by the Competition and Markets Authority (CMA) in the UK for the takeover of Ring Automotive by Osram, a partnership between the two companies has officially started.

Both companies see the agreement as an opportunity for a successful European cooperation.Hans-Joachim Schwabe, CEO of Osram Automotive commented: "In addition to expanding our aftermarket portfolio, the acquisition of  Ring will enable us to tap into additional sales potential and further expand our market expertise. The aim is to use the additional market and customer access and create synergies in the product portfolio and distribution channels,"

While Ring is already successful in Europe, Osram will give the Ring portfolio access to the US market via Osram Sylvania's established channels and open up new sales potential in Europe and the rest of the world with a differentiated brand strategy.

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