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Osram

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  • Siemens plans Osram IPO as part of revamp. Siemens (SI) plans to float its Osram lighting unit in the fall as part of a major restructuring in which it will also add a new division. Siemens plans to remain an anchor investor in Osram, which is the world's second-largest lighting company and is estimated to be worth €5B-€7B ($7B-$10B). The new division will be called infrastructure and cities, and will join Siemens' existing industry, energy and healthcare businesses. CEO Peter Loescher, who pledged to slim the conglomerate down, said the aim of the revamp was to help the company top €100B in business volume in the next few years.

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