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Ring sells operations to Osram

Ring Automotive, a specialist in lighting, inspection and power management for passenger and light commercial vehicles, has agreed the sale of its operations to Osram, a global lighting manufacturer.

In a statement, Ring said: “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 added: “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.”