Osram's Managing Board invites ams to talks about the future

(PresseBox) ( Munich, )
- Osram management begins talks on way to becoming a joint photonics champion
- Takeover process leads to high premium for shareholders

Following the successful takeover offer from ams AG, Osram’s Managing Board has invited the management of ams to make the journey together to becoming a global technology leader for sensor solutions and photonics on the basis of the Business Combination Agreement. Unchanged, management’s focus is aligned with the shareholders, the company and its employees. Following a value-oriented takeover process, Osram shareholders will receive 41 euros per share, representing a markup of 42 percent since the start of the process. “What is important now is to create a world class photonics and sensor champion together with ams,” said Olaf Berlien, CEO of OSRAM Licht AG. “We would like to thank the Osram shareholders for supporting the compelling strategic merits of this transaction,” says Alexander Everke, CEO of ams. “We look forward to working closely with the OSRAM management team and all OSRAM stakeholders to realize the successful combination and achieve our shared objective of a European based global leader in sensor solutions and photonics.”

In the Business Combination Agreement ams has made extensive commitments for Osram’s employees and production facilities, particularly in Germany. Merger-related layoffs, for example, have been ruled out until the end of 2022. Together and in a dialogue with the trade unions and employee representatives, the managing boards of Osram and ams will now prepare a viable integration roadmap as equals. Brigitte Ederer will act as an independent monitor for the agreement.
Osram management sees numerous opportunities arising from the bundling of common strengths, especially in terms of the further development of the Opto Semiconductors business unit. The merger with ams will enable the LED sector to benefit, among other things, from the development of innovative sensor and photonics solutions and the use of established access to customers.

The merger is still subject to antitrust and foreign trade approvals. Compliance with these regulatory steps and legal approvals as well as organizational coordination are expected to take until summer 2020. In the second half of 2020, the necessary steps could then be taken to merge the two groups.

This document contains statements and information pertaining to our future business and financial performance and future developments that may constitute forward-looking statements – i.e. statements about processes that take place in the future, not in the past. These statements pertaining to the future can be identified by expressions such as "anticipate", "expect", "want", "intend", "plan", "believe", "aspire", "estimate", "will”, "predict" or words of similar meaning. Such statements are based on current expectations and certain assumptions of OSRAM‟s management. They are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond OSRAM’s control, affect OSRAM’s operations, performance, business strategy and results and could cause the actual results, performance or achievements of OSRAM to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historic trends. These factors include in particular, but are not limited to, the matters described in the chapter “Report on Risks and Opportunities” in the Annual Report of OSRAM Licht Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of OSRAM may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. OSRAM neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures they reference.
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