Osram plans to stay the course on R&D and acquisitions

To build on its base as the second-largest player in an industry that’s expected to grow 44 percent to $94.4 billion by 2016, Osram Sylvania will continue acquiring other lighting companies and pumping millions into research and development (R&D). According to a Reuters article, Wolfgang Dehen, Osram’s CEO, said the company would continue spending an average of 5.5 percent of sales on R&D, slightly less than what market leader Royal Philips Electronics NV spends annually

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