Lighting giant Osram Sylvania, which has long had its North American headquarters in Danvers, Mass., announced plans to move to a new facility in nearby Wilmington. The new facility at 200 Ballardvale St. in Wilmington keeps Osram within the same technology corridor and will create opportunities for Osram to meet the challenges of the rapidly changing lighting industry.
In a release, Osram said, “the creation of a new dynamic workplace will cultivate a fresh energizing environment that fosters innovation, focus, customer experience, learning and more. The evolution of lighting over recent years from light bulbs to lighting solutions requires the need to adapt quickly in these times of positive change.”
“This move is essential to building a more agile and collaborative culture, which will help us operate with speed, deliver innovative products that customers love, and generate future growth,” said Jes Munk Hansen, president and CEO of Osram Sylvania. “All of that will help us achieve our ultimate measure of success: maintaining and expanding our industry leadership in an increasingly competitive and rapidly changing environment.”
The new location will serve as the regional headquarters of OSRAM Americas and will continue to have a strong presence in northern Massachusetts and the New England area. The relocation in summer 2015 will include the 54 Cherry Hill location as well with future integration of the 71 Cherry Hill location in Beverly, Mass., at a later date.