IDG, wood chips and other Commonwealth 400 million euros won the OSRAM Ledvance

Main points

That the acquisition of OSRAM lighting business LEDvance China consortium includes strategic investment group IDG, China lighting capital and financing unit of Yiwu Dachang M.L.S. state-owned asset management center, a total of 400 million euros to buy OSRAM Ledvance lighting business.

The OSRAM trademark license agreement will receive additional payments.

The transaction is expected to be completed in fiscal year 2017, and both sides agreed in accordance with the conditions and related units approval process.

The strategic supply agreement this time will help OSRAM LED plant in Malaysia.

(left to right) OSRAM CEO Dr.Olaf Berlien, IDG AntonyYu, chairman of capital Linsen Mr. Sun Qinghuan and Jes CEO Munk Hansen, Ledvance. (photo: OSRAM)

The acquisition of OSRAM lighting business Ledvance Chinese consortium includes strategic investment group IDG capital, China lighting units in Yiwu city and Dachang Linsen financing of state-owned assets operation center, totaling to 400 million euros (about 2 billion 931 million yuan) to buy OSRAM Ledvance lighting business.

OSRAM's commission to approve the sale of general lighting. Buyers of the Ledvance unit is a joint venture China, including strategic investment unit of IDG capital, Chinese line lighting and financing unit in Yiwu Dachang Linsen state-owned capital operation center.

The transaction amounted to 400 million euros. At the same time, OSRAM will receive an additional trademark license agreement payment from the buyer's team, which means that the new team and the LEDvance will be in a certain specification of the use of OSRAM related trademarks for product marketing.

Ledvance's products will continue to use the brand name of OSRAM and Sylvania. The relevant technical specifications and other intellectual capital has a clear specification, Ledvance can be based on this, continue product development, but OSRAM only authorized the use of patent and not sold.

Mention OSRAM's press release, the three acquisition to Linsen led by OSRAM lighting business extremely fit buyers. Lighting business will be able to bring structural and geo - strengthening, while Ledvance also brings a complete family of lighting products and has a solid financial resources.

With this transaction, OSRAM and M.L.S. also reached a strategic supply agreement, LED to OSRAM chip factory in Malaysia began operating under the OSRAM Linsen will buy a lot of orders once a year, LED chip.

The MLS, focus on the procurement of LED chip, in addition to Taiwan after the crystal power plant, the factory is quality and reliability are significant indicators of OSRAM LED chip. As a result, whether it will have effect on the subsequent exclusion of supply chain procurement, the days after the key observation.

Through this transaction, the two sides will benefit from this transaction, not just in the global sales channels, as well as the advantages of OEM synergies for both sides to lay a good foundation for cooperation, look forward to future growth. (compile /LEDinside Emma Chang)

OSRAM CEO Dr.Olaf Berlien, chairman of Mr. Sun Qinghuan and Osram Opto Rawlinson CEO AldoKamper Semiconductors.

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).