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EQS-News: ams-OSRAM AG: ams OSRAM signs agreement to sell the AMLS business to Plastic Omnium

EQS-News: ams-OSRAM AG / Key word(s): Disposal ams-OSRAM AG: ams OSRAM signs agreement to sell the AMLS business to Plastic Omnium 25.03.2022 / 07:51 The issuer is solely responsible for the content of this announcement. ══════════════════════════════════════════════════════════════════════════ Premstaetten, Austria (25 March 2022) - ams OSRAM (SIX: AMS), a global leader in optical solutions, announced the agreement to sell the independent and dedicated AMLS (Automotive Lighting Systems GmbH) business to Plastic Omnium (Euronext: POM) for a purchase price of EUR 65 million. The transaction represents a further step in the implementation of ams OSRAM's previously communicated strategy to focus on dedicated strategic core technology and divesting businesses that are not seen as core to the corporate strategy. ams OSRAM will continue to be a key supplier of automotive LED and optical components to Plastic Omnium. This transaction does not include other ams OSRAM technologies and products for automotive OEM and the automotive aftermarket. ams OSRAM Automotive Lighting Systems GmbH was established on 1^October 2021 following the dissolution of the OSRAM Continental joint venture. Headquartered in Munich, AMLS combines lighting technology with electronics and software to develop smart and innovative full lighting systems for the automotive industry. As an industry leader in automotive optical solutions, ams OSRAM will continue to provide the high-tech innovation in components for automotive, including automotive lighting, covering the entire light spectrum - from visible to invisible light - and sensing applications for the automotive industry. This includes key automotive technology to support optical applications such as driver and interior monitoring, dynamic and static exterior lighting, RGB interior lighting, LiDAR for autonomous driving and advanced driver-assistance systems (ADAS), head-up display, gesture sensing to name but a few areas of innovation. Dr. Dirk Linzmeier, General Manager of AMLS, comments on the acquisition: "The combination of Plastic Omnium and AMLS makes perfect sense. Our portfolios are highly complementary, together we expect to expand our market access and we share a similar mission and mindset. We look forward to joining Plastic Omnium to establish a strong mobility lighting player built on AMLS' portfolio of innovative technologies." "The acquisition of AMLS is a unique opportunity to take an important step into the growing innovative lighting systems segment. Thanks to its advanced product portfolio, strong expertise, balanced footprint, and the quality of its team, this acquisition will allow Plastic Omnium to accelerate its ambitious strategy to meet growing OEM customer demand for smart body car parts and opens up the potential to enter new market segments. We are excited about this latest addition to the Group," said Laurent Favre, CEO of Plastic Omnium. The AMLS business generated EUR 148 million in revenues in 2021, has around 770 employees at nine locations worldwide, including 120 engineers working in five dedicated R&D facilities. With Plastic Omnium, AMLS will join a world-renowned and strongly growing Automotive Tier 1 supplier group with 30,000 employees serving a global customer base. Headquartered in France, the company posted an annual revenue of EUR eight billion for 2021. The closing of the transaction is expected in the third quarter 2022 subject to customary closing conditions. About ams OSRAM The ams OSRAM Group (SIX: AMS) is a global leader in optical solutions. By adding intelligence to light and passion to innovation, we enrich people's lives. This is what we mean by Sensing is Life. With over 110 years of combined history, our core is defined by imagination, deep engineering expertise and the ability to provide global industrial capacity in sensor and light technologies. We create exciting innovations that enable our customers in the consumer, automotive, healthcare and industrial sectors maintain their competitive edge and drive innovation that meaningfully improves the quality of life in terms of health, safety and convenience, while reducing impact on the environment. Our around 24,000 employees worldwide focus on innovation across sensing, illumination and visualization to make journeys safer, medical diagnosis more accurate and daily moments in communication a richer experience. Our work creates technology for breakthrough applications, which is reflected in over 15,000 patents granted and applied. Headquartered in Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany), the group achieved over EUR 5 billion revenues in 2021 and is listed as ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4). Find out more about us on [1] https://ams-osram.com ams is a registered trademark of ams-OSRAM AG. In addition many of our products and services are registered or filed trademarks of ams OSRAM Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. Join ams OSRAM social media channels: [2]>Twitter [3]>LinkedIn [4]>Facebook [5]>YouTube ══════════════════════════════════════════════════════════════════════════ 25.03.2022 This Corporate News was distributed by EQS Group AG. www.eqs.com ══════════════════════════════════════════════════════════════════════════ Language: English Company: ams-OSRAM AG Tobelbader Straße 30 8141 Premstaetten Austria Phone: +43 3136 500-0 E-mail: investor@ams-osram.com Internet: https://ams-osram.com/ ISIN: AT0000A18XM4 WKN: A118Z8 Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock Exchange (Third Market (MTF)) EQS News ID: 1311637   End of News EQS News Service 1311637  25.03.2022  References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8292dd00d17478c63e156302a1a5ac6c&application_id=1311637&site_id=apa_ots_austria&application_name=news 2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=abc52aadd1b09e752093ca366793ed46&application_id=1311637&site_id=apa_ots_austria&application_name=news 3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2e38dcb34f79060ddc9490cdb693d91b&application_id=1311637&site_id=apa_ots_austria&application_name=news 4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fee19590191b3da17836d1a1e69e8177&application_id=1311637&site_id=apa_ots_austria&application_name=news 5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=928a9cd78ac8af8e0181c5f67885e5fb&application_id=1311637&site_id=apa_ots_austria&application_name=news