Stern Stewart acquires Siteco from Osram.

Stern Stewart Capital, an investment firm acquires Siteco, a provider of lighting solutions from Osram. Financial terms were not disclosed. Separation from Osram gives Siteco entrepreneurial freedom. The cost situation is also improved with the elimination of previous Group structures. With the sale of the luminaires business, Osram is continuing its transformation to a high-tech company. “Stern Stewart will be undertaking an entrepreneurial role and offers Siteco and its employees' good prospects. In this way, we can ensure strategic and operational continuity for Siteco, while Osram continues to sharpen its profile as a photonics champion.” Olaf Berlien, Osram CEO.