August 2, 2012 — Facing a difficult capital market environment, Siemens will publicly list OSRAM via a spinoff to Siemens shareholders, rather than an initial public offeing (IPO). Spinning off OSRAM will make the public listing more independent of capital market conditions.
The aim of Siemens’ move is to give OSRAM independence with more flexible financing options.
OSRAM’s subsidiary, Osram Opto Semiconductors, makes high-power light-emitting diodes (LEDs), infrared components and high-power laser diodes (LDs). Recent news: Osram devises LED solder pad concept for easier second sourcing and Osram plans LED packaging facility in Wuxi
"The deceleration of the world economy has increased in the past few months…our focus above all is on increasing our productivity and efficiency," said Siemens CEO and president Peter Löscher in the company’s Q3 fiscal report. See Siemen’s full Q3 fiscal report here.