LEDVANCE GmbH is a fully-owned subsidiary of OSRAM GmbH and is one of the world’s leading providers of lamps for professional users and retail customers. The company offers advanced LED lamps as well as a wide range of traditional light sources, standardized luminaires and connected lighting solutions. LEDVANCE is active in more than 120 countries and had approximately 9,000 employees as of 1 July 2016. In the 2015 fiscal year general lighting amounted to around 40 percent of OSRAM turnover or approximately two billion Euros.