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Danvers, Mass. (Aug. 14, 2014) – Lighting leader OSRAM SYLVANIA today announced the plan to relocate its Danvers based headquarters from 100 Endicott Street in Danvers, MA to 200 Ballardvale Street in Wilmington, MA. The new location will be within the technology corridor and will present enormous opportunity for the lighting leader to design the positive changes required to support the needs of the business within the transforming lighting industry. The creation of a new dynamic workplace will cultivate a fresh energizing environment that fosters innovation, focus, customer experience, learning and more. The evolution of lighting over recent years from light bulbs to lighting solutions requires the need to adapt quickly in these times of positive change.
“This move is essential to building a more agile and collaborative culture, which will help us operate with speed, deliver innovative products that customers love, and generate future growth,” said Jes Munk Hansen, President and CEO, OSRAM SYLVANIA. “All of that will help us achieve our ultimate measure of success: maintaining and expanding our industry leadership in an increasingly competitive and rapidly changing environment.”
Market demand in lighting technology is changing in part due to legislative requirements. With the goal of achieving long-term competitiveness in the lighting industry, positive changes like this relocation are necessary to navigate the transforming market successfully. Like the latest in LED lighting technology solutions of today, a dynamic workspace can create endless possibilities of positive cultural change.
The new location will serve as the regional headquarters of OSRAM Americas and will continue to have a strong presence in northern Massachusetts and the New England area. Set to take place summer 2015, the relocation will include the 54 Cherry Hill location as well with future integration of the 71 Cherry Hill location in Beverly, MA at a later date.
About OSRAM SYLVANIA Inc.OSRAM SYLVANIA is part of OSRAM Americas, a group of OSRAM companies located in North and South America. As a leader in lighting solutions and services, specializing in innovative design and energy saving technology, the company sells products for homes, businesses and vehicles under the brand names OSRAM, Traxon, ENCELIUM and SYLVANIA. The company's portfolio covers the entire value chain of components, ranging from lamps, control units and optical semiconductors such as light-emitting diodes (LED), light management systems and lighting solutions. The OSRAM SYLVANIA and OSRAM Americas regional headquarters is located in Danvers, Massachusetts. For more information, visit www.osram-americas.com or follow us on Facebook and Twitter.
SYLVANIA is a registered trademark of OSRAM SYLVANIA Inc.
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