Tag Archive | "Automotive lighting"

CONSOLIDATION: OSRAM TO ACQUIRE RING AUTOMOTIVE

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CONSOLIDATION: OSRAM TO ACQUIRE RING AUTOMOTIVE


Lighting manufacturer Osram has agreed to acquire aftermarket brand Ring Automotive. Terms of the deal have not been disclosed and it is still subject to the usual approvals.

In a statement, 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 said, “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.”

 

Deal is ‘mutually beneficial’

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RING LAUNCHES EUROPEAN OFFICES

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RING LAUNCHES EUROPEAN OFFICES


Lighting and accessories brand Ring Automotive has invested £200,000 in a Paris office which is now open for business.

The expansion is part of the firm’s product development plans, that has led to some new appointments within its international team.

Carlos Carrido, Stephan Schneider and Sebastien Richir have been appointed as Sales Managers to improve exports to customers in countries including Spain, Portugal as well as Germany, Austria and Switzerland. Richier will join Ring’s International Business Director Gonzalo Vargas-Zuniga Cruz at the EU office in Le Dome, part of the Roissypole complex of buildings at Roissy Charles de Gaulle International Airport, while the other recruits will work across the continent and have access to the HQ as and when required.

“Approximately a quarter of our sales can be attributed to exports giving some indication of the opportunity that extending our presence across Europe represents,” said Cruz. He concluded. “We know that our sales channels and performance across these markets has significantly improved over recent years and this investment will further reinforce our commitment as we build our portfolio of customers.”

Posted in Factor & Supplier News, Garage News, Latest News, News, Retailer NewsComments (1)

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