Ring Automotive has agreed the sale of its operations to OSRAM, a global lighting manufacturer. Ring Automotive is a highly regarded brand in the specialist areas of Lighting, Inspection and Power Management for passenger and light commercial vehicles.
Both businesses feel that this combination will be mutually beneficial and will result in many opportunities to complement each other’s offering to the automotive aftermarket.
George Skalski, Managing Director of Ring Automotive said, “We look forward to working alongside OSRAM and believe that the transaction is very positive news for all of our colleagues and customers. The acquisition secures continued investment in the business, which will support our future growth plans and our leading-edge product innovation.”
The parties have agreed not to disclose the financial details of the transaction, which is subject to regulatory approval.
OSRAM, based in Munich Germany, is No. 1 in automotive car lighting and a global lighting manufacturer with a history dating back more than 100 years. The portfolio ranges from high-tech applications based on semiconductor technology, such as infrared or laser lighting, to smart and connected lighting solutions in buildings and cities. As a high-tech enterprise, OSRAM is enhancing people’s lives in the digital age.
For further information please visit www.osram.com
Ring, based in Leeds, has over 40 years’ experience as a leading automotive aftermarket business throughout the UK and Europe. With over 185 product awards, Ring has an unrivalled pedigree of producing products and services that meet the needs of motorists, technicians and specialist vehicle builders.