VIENNA (Reuters) - Austria's AMS AMS.S aims to complete the integration of Osram Licht OSRn.DE after a takeover within three years and then run the German company as a 100% subsidiary, the finance chief of the Swiss-listed group told Reuters.
AMS will focus on key technologies for the auto industry to realize the planned revenue growth, Michael Wachsler-Markowitsch said on Thursday, adding that “there will have to be a reduction of staff”.
AMS’ medium-term growth scenarios were based on solid projects with the automotive industry, he said.
Reporting by Kirsti Knolle; Editing by Thomas Seythal
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