Ams Osram selling its headlamp operations
German company Osram has agreed to sell its finished headlamp operations for €65 million.
The sale of Automotive Lighting Systems GmbH (AMLS) to Levallois, France-based Plastic Omnium includes final headlamp assemblies and LED headlamp modules.
The €65 million ($71.5 million) price is well below the €148 million ($162.6 million) in revenue that the troubled operations generated in 2021.
Ams Osram and Plastic Omnium said they expect to complete the transaction by the third quarter.
The sale of Automotive Lighting Systems GmbH (AMLS) to Levallois, France-based Plastic Omnium includes final headlamp assemblies and LED headlamp modules.
The €65 million ($71.5 million) price is well below the €148 million ($162.6 million) in revenue that the troubled operations generated in 2021.
Ams Osram and Plastic Omnium said they expect to complete the transaction by the third quarter.
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