United States acquired Honeywell sapphire business

China Silian Instrument Group Co. Ltd. in 1987 to the original Sichuan Instrument Factory established as the core, has become a comprehensive automation instrument scale of China's largest and most complete product categories, system integration capability is the strongest manufacturing enterprises. 2009 sales of 5 billion 300 million yuan, profit of $290 million, ranking first in the country for the first time in eight consecutive years.

In the context of global economic integration, the group of four take the "going out" pace, and actively promote international operations. In 2007, Honeywell was informed that the United States international company is ready to sell its bid in the Canadian factory sapphire business, four group keen to capture this opportunity to enter the international market, after a year of hard work, the successful acquisition of Honey Well Company in a leading position in sapphire technology.

In October 2007 officially entered the bidding program, four group has been entrusted to the well-known domestic and foreign law firms, accounting firms to conduct a comprehensive due diligence, on the basis of investigation made clear the value of the assets acquired for $about 18000000, which laid the foundation for the formal bidding. February 15, 2008, after obtaining the national development and Reform Commission foreign bidding offer, the official quoted price of $19 million 800 thousand. March 2008, Honey Well Company informed the four group bid. April 28, 2008, the two sides signed an agreement to acquire assets in Chongqing.

August 22, 2008 Quad group received all assets, personnel and business, the establishment of a wholly owned subsidiary of quad sapphire Co., Ltd., the acquisition of assets into the company.

The successful acquisition of Honeywell sapphire business, the four group has become one of the few global enterprises grasp the high quality sapphire crystal growth technology and processing technology, in other domestic semiconductor industry homogenization of fierce competition situation, seize development opportunities, the international competitiveness of large amplitude jump. At the same time, the group will quadruple the technology successfully copied to Chongqing, breaking the bottleneck restricting the development of the domestic LED industry, and promote the optimization and upgrading of the Chongqing LED industry chain.

Fourth, the acquisition of the group as the carrier, the international advanced technology, change the traditional single asset acquisition for good assets, advanced technology, management experience, such as a number of complex acquisitions. In addition to the successful acquisition of Honeywell sapphire business, four group joint Chongqing hi tech venture investment company jointly introduced the French Thomson Beijing semiconductor laboratory team, comprehensively promote with independent intellectual property rights of the HD decoding chip development, create digital TV set-top box system, broadband multimedia platform and other high-end industrial chain.

According to the group's development plan, by 2015, will form an annual output of 2 million 400 thousand pieces of sapphire substrate, LED packaging devices, the production capacity of the 1 million sets of LED application products. At the same time, the group's sales scale will reach 21 billion 500 million yuan, profit of $2 billion 150 million to build 5-6 world-class products; foster 1-2 outstanding listed companies; among the top five global industrial process automation instrumentation