AMS had already indicated after the takeover of the group that the division was no longer part of the core business.
Munich The Austrian sensor specialist AMS Osram is finally parting ways with its troubled business with LED light for cars. Automotive Lighting Systems GmbH (AMLS) will be sold to the French automotive supplier Plastic Omnium for 65 million euros, both companies announced on Friday.
AMLS was the remainder of a joint venture between the lighting technology group and Continental, which was to develop the car light of the future. However, after only two years, it was dissolved again in 2020 because the expectations of both partners were not met. They had hoped for a mid-three-digit million turnover with the digital light. Depreciation of the two owners was the result.
After the acquisition of Osram, AMS had already indicated that the division was no longer part of its core business. AMLS had a turnover of 148 million euros last year with 770 employees. “To our knowledge, the business was not profitable,” Credit Suisse analysts wrote.
AMS Osram, on the other hand, retains conventional vehicle lighting in its portfolio. Man will continue to supply Plastic Omnium with LED products and optical components, the statement said.