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Osram buys British Ring Automotive to expand its scope of products

Osram finishes acquistion of British Ring Automotive
In the end of January 2019, Osram revealed that it had finished the acquistion of British aftermarket specialist Ring Automotive.

In doing so,Osram can expand its product coverage into the automotive sector including automotive electronics and accessories. After approval by the British Competitors and Market Authority (CMA), the partnership between the companies officially begins in May,2019. Osram aims to respond faster and better facing new trends and challenges in the constantly developing automotive lighting industry for further progress.

In terms of automotive lighting and electronic car accessories,Ring Automotive achieved an annual turnover of £46.1 million in 2018 with approximately 3000 products available in more than 60 countries.

Besides expanding the scope of aftermarket products, the acquisition by Osram enables Ring Automotive to tap into additional sales potential and further expand market expertise. It can faciliate the additional market and customer access and create synergies in the product portfolio and distribution channels.
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