OSRAM SYLVANIA to Relocate Danvers HQ
OSRAM SYLVANIA today announced the plan to relocate its Danvers, USA 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. It is hoped that the creation of a new dynamic workplace will cultivate a fresh, energizing environment that fosters innovation, focus, customer experience, learning and more.
“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.”
The evolution of lighting over recent years from light bulbs to lighting solutions has required the company to adapt quickly in these times of change. Since the IPO of OSRAM Licht AG, many changes have been announced including a Company Transformation Program known as OSRAM Push which includes 7800 job cuts. Market demand in lighting technology is changing; in part due to legislative requirements and partly due to technological advancements. With the goal of achieving long-term competitiveness in the lighting industry, 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. Flexible work environments can help to foster collaborative discussions and creativity – something much needed in todays ‘connected’ lighting industry.
The new location will serve as the regional headquarters of OSRAM Americas and the company will continue to have a strong presence in northern Massachusetts and the New England area. Set to take place in the summer of 2015, the relocation will include the 54 Cherry Hill location as well as the future integration of the 71 Cherry Hill location in Beverly, MA at a later date.
By Julie Allen