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Austria's AMS aims to complete Osram's integration within three years - CFO

Austria's AMS aims to complete Osram's integration within three years - CFO
FILE PHOTO: The headquarters of lamp manufacturer Osram is pictured in Munich, Germany, August 13, 2019. REUTERS/Michael Dalder   -   Copyright  Michael Dalder(Reuters)
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VIENNA (Reuters) – Austria’s AMS <AMS.S> aims to complete the integration of Osram Licht <OSRn.DE> after a takeover within three years and then run the German company as a 100% subsidiary, the finance chief of the Swiss-listed group told Reuters.

AMS will focus on key technologies for the auto industry to realise the planned revenue growth, Michael Wachsler-Markowitsch said on Thursday, adding that “there will have to be a reduction of staff”.

AMS’ medium-term growth scenarios were based on solid projects with the automotive industry, he said.

(Reporting by Kirsti Knolle; Editing by Thomas Seythal)

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