OSRAM Expanding in the Market for Energy-Efficient Lighting Systems and Luminaires

Siteco produces luminaires in Germany and China and has over 15 sales companies in Europe, as well as a global sales network. This acquisition therefore provides OSRAM with broad access to the market for lighting solutions and a modern range of products in the field of interior and exterior lighting. Furthermore, OSRAM will benefit in the development of new products from Siteco’s wealth of experience arising from collaboration with end customers, architects, lighting designers and installers. Siteco is responsible, for example, for the lighting of the Allianz Arena in Munich, Barajas Airport in Madrid and of the world's tallest buildings, the Taipeh Tower in Taiwan. With regard to the product spectrum and fields of application, the Siteco portfolio is ideally supplementing the product range of the joint venture formed by OSRAM and Traxon Technologies in 2008.

The demand for innovative, energy-efficient lighting solutions continues to grow at a rapid pace. The entire market for components, luminaires and lighting systems is estimated by analysts today at around €45 billion, over two-thirds of which is accounted for by luminaires and lighting systems. Driven by semiconductor-based technologies such as LEDs and OLEDs (organic light-emitting diodes), the total market is likely to grow to around €65 billion by the year 2016.

About OSRAM:
OSRAM (Munich, Germany) is part of the Industry Sector of Siemens and one of the two leading lighting manufacturers in the world. Sales for OSRAM worldwide totalled to €4.7 billion in fiscal year 2010. OSRAM is a high-tech company in the lighting industry. Over 70 percent of sales come from energy-efficient products. This global player employs around 40,000 people worldwide, supplies customers in some 150 countries and has 46 production facilities in 17 countries (September 30 2010). www.osram.com/