Plastic Omnium completed the acquisition of the automotive lighting systems business from OSRAM for €65m.

Plastic Omnium, a firm operating in the automotive industry, completed the acquisition of the automotive lighting systems business from OSRAM, a provider of optical solutions, for €65m ($71m). “The acquisition of AMLS is a unique opportunity to take an important step into the growing innovative lighting systems segment. Thanks to its advanced product portfolio, strong expertise, balanced footprint, and the quality of its team, this acquisition will allow Plastic Omnium to accelerate its ambitious strategy to meet growing OEM customer demand for smart body car parts and opens up the potential to enter new market segments. We are excited about this latest addition to the Group," Laurent Favre, Plastic Omnium CEO.