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
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.