Brief: Plastic Omnium Finalizes Acquisition Of AMLS, Creates New Lighting Division

Osram Licht AG

01/07/2022 16:58

July 1 (Reuters) - Plastic Omnium  PLOF.PA :
    * FINALIZES ACQUISITION OF AMLS AND CREATES ITS NEW LIGHTING
DIVISION
    * AMLS WILL BE CONSOLIDATED IN  PLASTIC OMNIUM ACCOUNTS AS
OF JULY
1, 2022
    * NEWLY CREATED LIGHTING DIVISION WILL ALSO INCORPORATE
VARROC
LIGHTING SYSTEMS, WHOSE ACQUISITION, ANNOUNCED ON APRIL 29TH,
COULD BE FINALIZED DURING Q4 2022
    * LIGHTING DIVISION IS TARGETING ECONOMIC REVENUE OF  €1.5
BILLION
BY 2027
    * NEWLY CREATED DIVISION WILL BE HEADED BY PIERRE-HENRI
DESPORTES,
WHO HAS BEEN  APPOINTED PRESIDENT & CEO OF PLASTIC OMNIUM
LIGHTING


Further company coverage:  PLOF.PA 

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