Siemens Exits Lighting with $1.4 Billion Sale - Energy Watch News


Siemens Exits Lighting with $1.4 Billion Sale

Perhaps in a sign of continued consolidation, Siemens has also withdrawn from businesses making phones, hearing aids and ovens. The Munich-based company completed the sale of its remaining stake in light manufacturer Osram Licht AG, raising about 1.2 billion euros ($1.41 billion) and exiting a business in which it was involved for the better part of a century. http://www.industryweek.com/companies-executives/siemens-exits-lighting-14-billion-sale

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