OSRAM intends to swallow an optoelectronic or face policy to prevent

Domestic LED manufacturers are swarming into the international market expansion of mergers and acquisitions. Our acquisition of OSRAM's Landes Vance has not yet landed on the occasion of the dust, and other domestic manufacturers playing "the idea to buy OSRAM. Recently, or about Sanan optoelectronics to acquire OSRAM's news in the market to raise a Babel of criticism of. Later clarified that the Sanan optoelectronics, and OSRAM conducted a preliminary contact, but the acquisition will have great uncertainty. Many respondents told reporters, such as the acquisition of OSRAM can Sanan optoelectronics succeed, can increase the number of patents, to boost the expansion of the international market, and further establish the global brand awareness. However, the success of the acquisition, mainly depends on whether the final release of the German government. Initial contact rumors to the acquisition of OSRAM Sanan optoelectronics originally derived from the German media "economic weekly" reported in October 6th. OSRAM is the old German lighting giant, which was founded in 1919, is now one of the world's largest manufacturer of light source, along with PHILPS lighting, GE lighting is the world's three largest lighting giant. Public information, LED and OLED OSRAM semiconductor technology in a leading position in the world. Its LED, has been involved in the whole industry chain. Sanan optoelectronics is the second Taiwan EPISTAR the world's second largest supplier of LED chip. October 11th, Sanan optoelectronics China issued to clarify the announcement said: "through self-examination, at present a potential acquisitions or cooperation matters, and OSRAM conducted a preliminary contact, the parties had a meeting. As of now, not on the terms of the transaction (including scope and price) to negotiate, did not sign a binding document, whether acquisitions or cooperation matters and related negotiations occur with significant uncertainties." Actually, Sanan optoelectronics or acquisitions OSRAM intends to. In October 19th, the latest progress of the reporter to Sanan optoelectronics secretaries to do mergers and acquisitions advisory. The other staff responded that currently do not understand the specific situation. This is the company's high-level planning, we do not know." Industry analysts told reporters that three optical acquisition of OSRAM or will be a high probability event. Senior industry analyst Wang Fei said that with the rise of the strength of the domestic LED manufacturers, three optical acquisition of OSRAM patents, the layout is the core factor to consider. LED industry involves a lot of patents, and these patents are mainly mastered in the hands of these large OSRAM. Chinese manufacturers to sell LED chips to overseas markets, or will be involved in patent disputes. When the enterprise scale is small, the smaller market share, or face the risk is very small, because people don't think you would be a great threat; but if your company is a large scale, big market share, they will initiate a lawsuit. Although a lot of Sanan optoelectronics itself patent layout, but with other international companies compared, there are still gaps." CCID Consulting analyst Han Yun said lighting, lighting, chip, OSRAM brands have a great advantage, which greatly added to Sanan optoelectronics business. "Such as brand, OSRAM's brand has 100 years of history, the Sanan optoelectronics, has a strong attraction. Three LED industrial scale is not small, but the brand in the international recognition is OSRAM, there is still a certain gap. As technology, research and development in the forefront of the domestic Optoelectronics Technology, and the investment cost is very high, such as the acquisition, the efficiency of technology will improve faster." Although Sanan optoelectronics is the world's LED chip giant, but the proportion of product sales accounted for a relatively high is the main Chinese mainland market. According to the company this year semi annual report data show that the mainland market and the mainland's revenues were 2 billion 339 million yuan and 439 million yuan, the proportion is about 5.33: 1. Throughout the past few years, in order to enhance the coverage of overseas sales market, but also to expand overseas three optical frequency. As of June 2013, three optical acquisition of the United States (Luminus Devices, Inc. lumens), is to open up the North American market; in August 2014, the company set up a wholly-owned subsidiary of Hongkong Sanan optoelectronics, the goal is to open up the Japanese market; in December 2014, the company to carry out business cooperation with Seoul semiconductor company, Seoul Viosys, a joint venture set up three first photoelectric, develop the Korean market target. Industry also believes that as an optoelectronic "game" OSRAM, will undoubtedly expand overseas markets for its "help a helping hand". Bumpy road Germany's "economic weekly" also reported that if the full acquisition, OSRAM's valuation of 7 billion 200 million euros ($8 billion 100 million). As of June 30th this year, three optical total assets of 23 billion 135 million yuan. Two contrast, three optical acquisition of OSRAM, more like a tunxiang". Currently has a market point of view, Sanan optoelectronics their own financial strength or not enough to support the huge acquisition. As from Sanan optoelectronics revenue, last year, three optical total revenue is only 4 billion 858 million yuan, net profit attributable to shareholders of listed companies 1 billion 695 million yuan. But there are also people who dissent, "three good financial situation, the annual performance has been steadily growing; in addition, the company each year from the hands of the government to get more financial subsidies. Even if it has financial problems, the company's financing channels as a whole is relatively smooth." Han Yun think. As of June 30th this year, three optical liabilities rate is only 27.15%, lower than the A shares of LED plate