In 2016, international lighting giants began to spin off their original traditional business. Contrary to the shrinking business of international giants, Chinese local LED companies have risen rapidly. Mulinsen, Sanan Optoelectronics, Feile Audio, and Huacan Optoelectronics have frequently accelerated their overseas presence by acquiring overseas assets.
The High-tech Research Institute LED Research Institute (GGII) believes that China's LED industry has evolved to a certain stage of transformation, and the synchronization period from the introduction to the go-out has arrived.
As we all know, the quickest means of resource integration is the merger and acquisition of enterprises. Whether it is the annexation of large enterprises or the acquisition of equity, it directly promotes the integration of resources between the two parties.
With the rapid increase in the demand for LED lighting, the LED industry is ushered in the peak period of development. All enterprises in the industry have begun to expand production and layout channels to seize more market share. As one of the most convenient and effective routes, M&A is favored by many LED companies.
The emerging LED M&A event reflects that the industry is in the stage of accelerating integration and reshuffle, and the industry adjustment and transformation has gradually become the “new normal†of current development. Why have LED companies moved tens of millions, hundreds of millions, and billions of dollars in recent years? In fact, there are several advantages that are obvious.
First of all, M&A can promote resource complementarity and achieve resource integration. For some large enterprises with channels and brands, leading in the industry and relatively abundant funds, the moment when the industry is approaching explosive development is often a good time to choose to acquire M&A.
Especially because of good expectations for the future market, some large domestic and foreign companies have clearly shown strong interest in mergers and acquisitions and industrial chain integration. Some powerful enterprises consolidate their market position through mergers and acquisitions, strong alliances, and vertically integrated industrial chains.
Secondly, it can speed up the development of brand channels. In the past, it was limited by the lack of capital talents. It is difficult for Chinese lighting companies to get involved in the international patent blockade market. For many domestic companies, the brand reputation is not loud enough, lacking certain overseas consumer groups, local brands. It is not so easy to establish a foothold in a foreign market.
However, with the help of foreign mature brands and existing market channels in foreign countries, the market development cycle can be greatly shortened and energy can be saved. By investing in and acquiring large foreign lighting companies, we can grasp the advantages of global advanced patent technology and market channels.
Mu Linsen set up a joint venture company for 4.9 million US dollars
After participating in the successful acquisition of Osram's general lighting company, Randy Vance, Mulinsen's overseas market expansion has not stopped.
On March 20, 2017, Mulinsen issued the announcement of Mulinsen Co., Ltd. on the signing of the “GLOBAL VALUE LIGHTING Co., Ltd. Operating Agreementâ€.
The company has signed the "GLOBAL VALUE LIGHTING Co., Ltd. Operating Agreement" with LIGHTINGSCIENCE GROUP CORPORATION (hereinafter referred to as "LSG") and LSG MLS JV HOLDINGS (a subsidiary of LSG, hereinafter referred to as "SPV") (hereinafter referred to as "Operating Agreement" 》â€).
Mulinsen will jointly establish GLOBAL VALUE LIGHTING Co., Ltd. with SPV for US$4.9 million, accounting for 49% of the company's total capital contribution. In addition, in this transaction, the company will acquire a preferred stock of SPV.
Philips Lighting and partners are in court
Recently, the new three-board company Haojing Optoelectronics (831240) said that Philips (China) Investment Co., Ltd. (hereinafter referred to as: Philips) has quality defects in the quality of the lamps, and filed a lawsuit against Philips, requesting that all purchase contracts be cancelled and returned. 628.372 million yuan purchase amount.
As the only major supplier of Haojing Optoelectronics in 2015, Haojing Optoelectronics purchased a total of 115.172 million yuan from Philips in the whole year, accounting for 87.63% of the total annual purchase.
On April 28, 2015, Haojing Optoelectronics invested in land and factory buildings. Philips invested in core equipment and technology to establish a joint production base of Philips-Yuanjing Optoelectronics. The total investment of the project is about 3 billion yuan, and the planned area is 700 mu. It is planned to build 10 modern photoelectric lighting production lines.
Haojing Optoelectronics has changed from a Philips dealer to a Philips partner. But former partners are now facing a situation of courtroom.
On July 8, 2016, a paper complaint filed by Philips on the scene. It is reported that Zhaojing Optoelectronics was sued because of the dispute over the purchase and sale of goods, and Jingjing Optoelectronics failed to pay the purchase price on time, and was sued by Philips for paying 12.69.76 million yuan.
Guoxing Optoelectronics invested in RaySent USA
Recently, Guoxing Optoelectronics invested in the US RaySent Technology Company and obtained the approval of the Guangdong Provincial Department of Commerce and issued the “Enterprise Overseas Investment Certificateâ€. The approval and filing documents for other overseas investments are being processed.
On December 13, 2016, Guoxing signed a capital increase agreement with RaySent Technologies of the United States. The company increased its investment in RaySent Technology with its own funds of US$11 million. Upon completion of the investment, RaySent Technology became a holding subsidiary of the company.
Major core team members with high-power LED chips and related know-how on silicon have established RaySent Technology in the US, and their intellectual property and proprietary technologies cover all aspects of LED production processes such as epitaxial growth, chip manufacturing, and packaging. .
Through this cooperation, RaySent Technology will license the unique silicon substrate GaN epitaxial technology and the intellectual property of vertical structure LED and its derivative structure to Guoxing Optoelectronics and its subsidiaries, and realize industrial production through Guoxing Optoelectronics and its subsidiaries.
Cree signs a patent cross-licensing agreement with Ledvance
Cree issued a press release stating that it has signed a cross-licensing agreement with Ledvance, under which Cree will continue to collect royalties from Ledvance and obtain a royalty-free license for the Ledvance patent portfolio. In exchange, Ledvance will also receive Cree's license for a patent portfolio of LED bulbs and LED luminaires.
Licensed patents cover all aspects of LED lighting, including optics, thermal management, LED power and control, LED light efficiency, and light color and uniformity. However, certain Cree patents covering Cree Network Lighting Technology (SmartCast) and Color Mixing Technology (TrueWhite) are not included in this license.
"With the development of intellectual property over the past 29 years, Cree has a strong technology portfolio that is the basis for the design and manufacture of high-performance LED bulbs and LED luminaires," said Brad Kohn, vice president of law and general counseling at Cree. Ledvance's latest licensing agreement is another example of the value of Cree's R&D investment and the breadth and strength of Cree's lighting technology. â€
Philips Lighting and China Mobile
Philips Lighting 2 announced that it has signed a memorandum of understanding with China Mobile Research Institute to jointly explore the cellular Internet of Things standards for smart connected lighting to help build smart cities. China Mobile Research Institute is the core R&D and technical support center for the world's largest mobile network providers.
At the same time, Philips Lighting set up a smart interconnected road lighting application based on cellular IoT technology at the China Mobile 5G Joint Innovation Center in Beijing.
Currently, cellular IoT technology is supported by chip manufacturers, module manufacturers and mobile operators. Mobile operators can support cellular IoT systems by simply upgrading their existing network infrastructure to take advantage of the number of connections and operating costs.
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