Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
Illustration 60886103 / Kheng Ho To /Dreamstime

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

June 9, 2011
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 R&D. According to this Reuters ...

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 R&D. According to this 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 on R&D. The Reuters report said Dehen told reporters at a recent press conferences in Munich, “The lighting business will see dramatic changes like we've not seen in the past 30 years. If you look at what we did in the past, that's going to be a good indicator going forward.”