Technology companies Continental and Osram have set up a joint venture following the successful completion of all negotiations and the issuance of merger control approvals. Under the JV the companies will combine strengths to develop state-of-the-art and intelligent solutions for headlamps, tail and interior lighting.
The market for vehicle lighting in the automotive industry is currently in a period of transition as it moves towards semiconductor-based lighting technologies. As a result, software and electronics are becoming increasingly important and influential. The companies are therefore combining their strengths in each of these areas and developing state-of-the-art headlamp modules and solutions for tail and interior lighting for automotive manufacturers and suppliers.
The joint venture will utilize increasing digitalization on an ongoing basis in its vehicle lighting solutions in order to produce intelligent lighting functions for vehicles completely from one source.
The JV will also be developing intelligent lighting functions. Using data from the navigation system and sensors, vehicles equipped with these solutions in future will, for example, be able to project warning messages for other road users while driving.
Source: Press Release