hting (SP) Business Unit.
LED Engin will be integrated into the professional and industrial applications of the OSRAM SP business unit. LED Engin products are mainly used in applications requiring strong, compact LED light sources or special custom LEDs, such as light restaurants, shops, museums and galleries.
According to OSRAM's second quarterly report for the fiscal year 2017, the second quarterly revenue from its special lighting (SP) business (including automotive lighting and specialty and industrial applications) increased by more than 8% in the second quarter of the year, benefiting from continued strong demand in the automotive industry %. Adjusted EBITDA profit margin increased to 16.2% (compared to 15.8% in the same period last year).
"We are delighted to join OSRAM and look forward to expanding our product mix and customer coverage while continuing to serve existing key customers with new resources," said David Tahmassebi, CEO of LED Engin
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