"LED Engin has opened up new opportunities for OSL's customized lighting solutions," said Hans-Joachim Schwabe, CEO of OSRAM Professional Lighting (SP) Business Unit. The products are suitable for a wide range of professional applications, "Said Hans-Joachim Schwabe, chief executive officer of OSRAM Professional Lighting (SP) Business Unit.
LED Engin will be integrated into the professional and industrial applications of the OSRAM SP business unit. LED Engin products are mainly used in places requiring strong, compact LED light source or special custom LED applications such as light restaurants, shops, museums and galleries.
According to OSRAM's second quarterly report for the second quarter of 2017, the second quarterly revenue from its special lighting (SP) business (including automotive lighting and specialty and industrial applications) increased by more than 8% in the second quarter of the year, benefiting from continued strong demand in the automotive industry %. Adjusted EBIT margin increased to 16.2% (15.8% for the same period last year).
"We are delighted to join OSRAM and look forward to expanding our product mix and customer coverage while continuing to serve existing key customers with the addition of new resources," said David Tahmassebi, CEO of LED Engin.