Osram in Talks to Sell Sylvania, Says Uncertainties Include Trade Barriers

Munich-based lighting company Osram will focus on digitalization and future markets in fiscal 2019, said Tuesday's earnings release. Company revenue grew 2 percent this fiscal year to $4.7 billion. The company cited uncertainties, mostly in automotive, including “existing and imminent trade barriers,” that limit visibility. Negotiations for the sale of its U.S. service business, Sylvania Lighting Solutions, are progressing, Osram said. The German company will focus on intelligent digital lighting management systems, cloud and IoT solutions.