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OSRAM acquires UK‘s Ring Automotive to enter the auto parts consumer market

Time:2019-02-27 Views:30
It is reported that Osram has announced the acquisition of the UK‘s Ring Automotive to enter the auto parts consumer market.
Osram said that the acquisition of Ring Automotive is a way for Osram to invest in the future, as the British company has a mature and valuable brand and a good sales model in the automotive aftermarket. In addition, Ring Automotive‘s product portfolio goes far beyond the classic automotive lighting sector and further complements OSRAM‘s product range. At the same time, Ring Automotive has made significant achievements in the field of electronic auto parts, with about 6,000 products, and more than 3,000 professional distributors in more than 60 countries around the world.