The acquisition of LED industry semi annual inventory: OSRAM case "busy", "gas Linsen hao"

In recent years, the entire LED industry has shown rapid development, mergers and acquisitions are very frequent, and this trend continues. According to LEDinside incomplete statistics, in the past 6 months, 17 transactions have been disclosed in the newspapers, and many others are in the process of planning. Well, the following online king will take you back to review, the first half of 2017, LED circle what mergers and acquisitions event?.

LED industry mergers and acquisitions in the first half of 2017 (incomplete statistics)

"Busy" mergers and Acquisitions: OSRAM, audio

The 3 time, this is OSRAM in the first half of 2017 to disclose the number of mergers and acquisitions, called LED circle of "busy" buyers.

In February 6th, OSRAM announced the acquisition of the lighting service provider Maneri-Agraz, which provides energy-efficient lighting solutions for commercial and industrial facilities, with annual revenues of tens of millions of dollars. Maneri-Agraz will become OSRAM's Sylvania Lighting Solutions (SLS) part of SLS is part of Osram lighting solutions business unit.

In May 12th, OSRAM acquired part of its stake in the venture agrilution through its venture capital unit, Fluxunit. The start-up is mainly developing intelligent indoor planting boxes that can be used as family salads, vegetables and herbal plantations.

Subsequently, OSRAM announced on June 6th, the company will acquire LED supplier LED Engin Inc. LED Engin is focused on providing for solid state lighting to lighting, entertainment, gardening, UV and medical market white lighting applications and other professional super bright, ultra compact solution, its products are mainly uses the LED chip of OSRAM semiconductor photoelectric.

Besides OSRAM, audio also opened buy buy buy mode, to one of two companies. In May 16th, Feile audio announcement, the company intends through its company to 264 million yuan and 12 million 221 thousand and 600 yuan price of the acquisition of Feilo Malta Limited respectively and a 20% stake in Havells Sylvania Limited (Thailand) 100% stake.

"Trench gas type" mergers and Acquisitions: Wood mu, Hua can photoelectric

From the amount of transactions, the wood forest, Hua Guang photoelectric occupy the top two, are in more than one billion yuan.

In March 30th, Linsen claimed that the company intends to purchase price of 4 billion Yuan Ming core photoelectric 100% stake. Ming core optoelectronics was established in July 2016, has not yet actual business, the main asset is indirectly held 100% stake in Target Corp LEDVANCE. Therefore, the company intends to acquire the actual object of overseas companies LEDVANCE.

China Optoelectronics April 14th announcement, the company intends to buy 100% stake in harmony photoelectric, the transaction amount of 1 billion 650 million yuan. Harmonious optoelectronics itself has no actual business, the main asset is through its subsidiary of Hongkong Target Corp MEMSIC holds 100% of the equity.

"Cross type" mergers and Acquisitions: KingSun shares

In 2016, KingSun shares a "cross into the education industry, stride forward singing militant songs" although education layout did not return for the ideal results, and even lead to the first loss since listing, but this did not hit the transition to the education industry confidence in 2017 continue to cross-border mergers and acquisitions.

In January 20th, KingSun announcement, the company intends to cash the way of education and skill education capital bump and / or bump education and skill acquisition is not less than 10% of the equity of education, the education and skill education respectively according to the bump to vote before the valuation of 260 million yuan and 600 million yuan capital increase or the amount of purchase amount calculation.

After the completion of this transaction will further improve in the field of private education strategic plan to greatly improve the quality on the ground, in the integration of educational resources and educational service supply capacity, thus greatly enhance the comprehensive competitiveness of the private education industry.

"Prospective" M & A: Hon Hai

May 22nd news, Hon Hai group estimated more than 800 million yuan NT zaxia, through its Vc firms, Innolux, SHARP, with its LED packaging factory rongchuang technology and other 4 enterprises, the joint acquisition of U.S. startups eLux, the biggest Micro LED technology commercialization.

Although the Micro LED still has to overcome technical problems, from commercial production still has some distance, not a short time for the enterprise revenue contribution, but still attracted Foxconn bet, the Micro LED optimistic about the future potential.

Dramexchange consulting LED Research Center (LEDinside) in 2017 the latest research report pointed out that, after the traditional LCD, OLED, Micro LED may be the potential for subsequent development period, if fully replace the existing LCD components to estimate the scale, including the backlight module, LCD, polaroid, future LED market is about the potential size of Micro up to 300 to 40 billion dollars.

In fact, no matter what form of mergers and acquisitions, the latter integration is more critical. M & A is not buying a shell, but more is its core technology, talent, management, channels and other core resources, it is necessary to integrate this core resource well, that is the true meaning of mergers and acquisitions. Integration is the key to realize the expected value of M & A. If the asset integration is ideal, the development of the enterprise is often very fast, otherwise, the enterprise can not help but get into trouble. Therefore, enterprises should consider a variety of factors in the relevant acquisitions, think twice before they act. (text /LEDinside, Nicole)

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