Ring set for global growth
- 3 May 2019
- Posted by: Alan Feldberg
- Category: News
British aftermarket specialist Ring Automotive has been taken over by high-tech Germany firm Osram. The deal should guarantee more investment and open up new markets in Europe and America.
The affiliation with Osram secures further investment to support future growth plans and product innovation in order to continue to grow, especially in the aftermarket segment.
Synergies are also being created in sales: Ring gives the high-tech company a UK and European platform to service its customers more quickly and with greater flexibility, Osram in return offers a global marketing system for the Ring product range.
George Skalski, managing director of Ring Automotive, said, ‘Being part of the Osram family offers us incredible opportunities for further global expansion. The synergies are enormous and will help us to continue our innovation leadership together. In the future, our customers will benefit from the many years of experience of both companies.’