M & a tide! Mergers and acquisitions this year up to 37

China LED Reuters] industry consolidation acceleration, mergers and acquisitions inevitable. According to China LED network editor incomplete statistics, as of now, in the first half of this year, the LED industry mergers and acquisitions occurred in the case of a total of more than 37 cases, the average monthly will have more than 3 cases of mergers and acquisitions. With the LED companies are getting familiar with in the M & A on the road, LED industry mergers and acquisitions is also showing some new features.

1 M & a wide range: mergers and acquisitions involving the whole industry chain has been involved in domestic and foreign enterprises

Statistics show, LED industry mergers and acquisitions involving the upper middle and lower reaches of the whole industry chain, with the acquisition of the main party division, upstream of the LED chip, the sapphire 7 merger cases, LED midstream packaging equipment, 11 merger cases, LED display, lighting and downstream merger cases up to 19, accounting for 51.35%.

In addition, with the increasingly importance of patents in LED industry, and the international giants have spin off LED business, LED industry mergers and acquisitions is characterized by extending to overseas, including Jinsha River venture capital acquisition of Lumileds, the development of crystal acquired from many other Puri cases involved at home and abroad and purchase.

2 mergers and acquisitions in the field of wide: the more mature capital integration cross-border mergers and acquisitions become the norm

From 2012 onwards, LED display companies have cross-border LED lighting, mergers and acquisitions for what. Now, more and more LED display enterprises through mergers and acquisitions across the full LED lighting phenomenon, the acquisition of Lehman's dynamic, Riyadh acquisition can acquisition QianBaiHui, alto...... As can be seen, LED display companies do not want to give up this big cake LED lighting. With the integration of capital is increasingly mature, LED companies are not satisfied at LED this market, by way of mergers and acquisitions to cross-border Internet, advertising media, the sports industry has become a tool of enterprise LED, such as the joint acquisition of advertising media enterprises in Hong Kong, Lehman's investment holding company infront etc..

Classification and distribution of LED industry integration this year

3 mergers and acquisitions require high: Capital + industrial chain integration strong joint touted

In the past, the integration of the industry chain more than the pursuit of powerful alliances". Now, with the LED industry entered a mature, LED companies in mergers and acquisitions tend to choose "strong joint", is the introduction of capital is not enough, plus the best on the downstream of the "customer", if the "supplier" to find the best. For example, the recent rising company entered the FSL event, it was interpreted by the industry as "rising capital + nationstar R & D + fozhao channel". And the development of grain purchase and development in Puri, Linsen crystal, a typical case is "strong".

4 M & a obvious effect: many enterprises rely on acquisitions to dress up performance

The first three quarters of the results have been released, due to the increasingly fierce competition in the LED industry chain, over 40% corporate performance fell. In 60% yejiyuzeng enterprises, many enterprises are based on the M & a thickening performance. For example, rectangular lighting acquisition of Shenzhen Kang Ming Sheng Technology Industrial Limited by Share Ltd since April and the table; said Riyadh laford cultural since July, included in the consolidated statements, Jin Lixiang since August incorporated in the consolidated financial statements; photoelectric said the acquisition of Sichuan timeshare advertising media company limited in May included in the consolidated scope, Shanghai Youtuo The Pr People Consultancy Limited and Shenzhen city yishida Electronic Co. Ltd. in March and included in the table range. (text / China LED network Sophie)

2015 M & A case (China LED network preliminary statistics, as of October 19th)

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