Friday , June 9 2023

Economy: ams wants Osram: Styria could benefit



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economy

The planned acquisition of 4.2 billion euros by the Osram municipal lighting technology lighting group could have a positive impact on the plant of strip cushion factories in Premstätten. The Munich-based company recently received positive signals.

The scraper and sensor manufacturer in Premstätten near Graz is planning a deal with billions and wants to take over more than four billion euros, the municipal light group Osram. The areas of automated supply and lighting technology are particularly suited to the future direction.

Ams wants to focus less on smartphones and instead with their chips and sensors more on autonomous driving. Osram's planned purchase should help position itself better as a European supplier. As Osram has to say "yes" to take over, AMS wants to strengthen the Regensburg location: parts of the production in Asia could come to Bavaria.

Possible beneficiary of business conflicts

The planned $ 4.2 billion purchase is also expected to have a positive impact on the plant in Premstätten, emphasizes CFO Michael Wachsler: "We are investing in product capacity, brain and technology – that is, we are still looking for the brightest heads Southwest of Graz. currently employs the 1,300 people.

ams:

ams has grown a lot over the last two years, especially by taking over in Singapore. About 10,000 people work for the manufacturer of rags and sensors worldwide. As at Osram, the major customers come from the smartphone and vehicle industries.

With personnel and additional production and research and development, amateurs could become the beneficiary of international trade conflicts. Chinese companies are looking for an alternative to US technologies.

US companies in turn look at manufacturing opportunities outside of China: "We've had interesting discussions in recent months and weeks, and these have also met with fertile ground," says Wachsler.

"Other mothers have beautiful daughters"

And should Osram say "no" to the offer? Finance Director Wachsler replied pragmatically: "Other mothers have beautiful daughters too."

Osram, meanwhile, received the latest positive signals about the takeover of the Styria: The Executive Board was on broadcast Monday evening essentially open to takeover. The financial concept presented seems linked and sustainable, Osram said in the evening in Munich: It has decided to enter into negotiations with relations.

Osram working council against acquiring amateurs

There is one catch, though: Osram's labor council shows the scrap maker the cold shoulder and suspends the takeover – "our sites and Osram will not be allowed to be destroyed," they said of the work council.

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