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OSRAM Expanding in the Market for Energy-Efficient Lighting Systems and Luminaires

Acquisition of Siteco Lighting GmbH opens up further potential for growth in LED applications. OSRAM is acquiring Siteco Lighting GmbH based in Traunreut/Germany from Barclays Private Equity. Siteco is a leading European lighting company with a worldwide workforce of 1250 and achieving revenue of around €220 million in fiscal year 2010. The company supplies luminaires and lighting systems for urban infrastructures such as public and commercial buildings, streets, tunnels, airports and sports stadiums.  http://www.osram.com/osram_com/News/Trade_Press/Luminaires/2011/110228_Siteco.html