Osram/ams downplay competition concerns due to limited overlap
18 September 2019 - 12:00 am UTC
Osram [ETR: OSR] and ams [VIE:AMS] do not expect their potential tie-up to raise competition concerns due to limited overlap between their activities, spokespeople for both companies told this news service.
On 16 September, the German lighting group recommended shareholders to accept ams’ takeover offer of EUR 38.50 per share over Bain Capital and Carlyle Group’s EUR 35 per share bid.
The company told investors that ams’s offer is financially attractive.
The two businesses share similar customers in the automotive industry, a spokesperson for Osram said.
There are overlaps in terms of sensors in both businesses’ mobile segments, where the two companies are direct competitors in their product offering, he added.
However, Osram mainly offers light sources, whereas ams provides signal chips and power electronics therefore they are not expecting this overlap to create concerns, he said.
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