Chinese-funded re-powered Feile Audio acquired Xi Wannian

[Text / high-tech LED Zhao Hui] China's capital in the acquisition of lighting multinational company assets on the journey to another city.

It is understood that Feile Audio has officially signed an agreement on the acquisition of Xiwannian equity on December 10 and held a signing ceremony.

SYLVANIA (Sivania) is one of the global lighting giants. It was founded in Massachusetts in 1901. During more than a century of development, Xiwannian has continuously innovated and perfected the research and development of light sources and lamps. Has become a leader in providing total solutions for professional and residential lighting. Xi Wannian has also grown from a US company to a global group of companies. Now headquartered in Frankfurt, Germany, its sales network covers the Americas, Europe, Africa, Asia. Oceania countries.

In 2007, Xi Wannian was acquired by Javier, India. Currently, Javier has a global Xiwannian brand in addition to North America. The North American Xiwannian brand belongs to Osram.

Judging from the photos of the outbound signing ceremony, the acquisition of this music should be the Xiwannian brand assets owned by Javier, which does not include North America.

As one of the world's three major lighting companies, OSRAM consists of five major components: CLB (traditional lighting and ballast), LLS (LED lights and systems), L&S (lamps and solutions), SL (special lighting, Automotive lights are mainly) and OS (optoelectronic semiconductors, mainly LED chips and devices), with world-renowned brands OSRAM (Osram) and Sylvania (Xi Wannian), and covering a huge sales channel in about 150 countries.

According to foreign media reports, Osram's spin-off mainly consists of CLB and LLS. These two parts of the business accounted for 47% of Osram's 2014 revenue.

It is reported that CLB and LLS are two parts of the business. It is estimated that the total value of the two major businesses is about 720 million euros (equivalent to about 4.92 billion yuan).

These two businesses that OSRAM intends to divest have also become the “sweet” of Chinese companies vying for competition. Many listed companies have a strong interest in this piece.

As early as July 21 this year, Feile Audio announced that it intends to issue a non-binding letter to OSRAM Licht AG to acquire its channel business, hoping to acquire the channel business of Germany Osram's planned spin-off."

LED packaging giant Mulinsen also announced on the evening of November 6. "In order to enhance the competitiveness of enterprises and optimize the integration of industry resources, the board of directors agreed to participate in the bidding for OSRAM Licht AG (Osram) part of the lighting business assets."

Most of the LED lighting industry veterans believe that the embarrassment of domestic companies to the OSRAM spin-off business is still based on the channel business and brand of this multinational giant. Osram's sales channels cover 150 countries around the world.

The patent is also an important asset of Osram. After the acquisition, domestic LED listed companies can avoid some international competition thresholds and containment. The new business acquired by this merger will bring growth to the company's performance.

This has also become an important reason for domestic companies to compete for OSRAM assets.

The Fei Le audio only acquired the brand assets of Xi Wannian. Some insiders speculated that another part of Osram's assets is likely to fall into Mulinsen.

How to develop after the follow-up, Gaogong LED will continue to follow up on the report!

DC Power Cables

Dc Power Cables,Dc Cable,Dc Power Cord,Ac Dc Power Cord

CHANGZHOU LESEN ELECTRONICS TECHNOLOGY CO.,LTD , https://www.china-lesencable.com