Heavy pound! Philips Lumileds has been acquired

The industry is extremely LED Philips Lumileds business trends on PHILPS, finally by Philips in March 31, 2015 officially announced by GO Scale Capital, Jinsha River (Jinsha River formed a joint venture capital and oak Investment Partners Fund) led the Asia Pacific Resources Development Investment Limited and the Nanchang Industrial Holdings Limited and other Chinese and foreign consortium the support of the fund mergers and acquisitions, the acquisition of shares of Lumileds total of 80.1% Holland PHILPS company, PHILPS company will retain the remaining 19.9% of the shares.

PHILPS Lumileds currently includes LED and automotive lighting division. The transaction is valued at approximately $3 billion 300 million and is expected to be approved by regulators in the relevant market in the third quarter of 2015 and will not be completed until the terms of the transaction are confirmed.

After the deal, the new company will retain the original name Lumileds. The new company will be held by the current executive director of Lumileds Pierre-YvesLesaicherre LED. PHILPS will continue to be an important customer of Lumileds, and will continue to maintain cooperation with Lumileds in R & D and supply. The deal also includes PHILPS's transfer of more than 600 patents relating to LED production and automotive lighting to Lumileds.

LEDinside observed, because the Chinese government hopes to improve the local industry for patents, intellectual property rights can be considerably improved, China's largest LED companies, there may be a chance to pay patent licensing. Chinese LED manufacturers will enter the Philips lighting, or Lumileds related supply chain, the market gave considerable imagination.

GO ScaleCapital, chairman of Jinsha River venture capital co-founder and managing director Wu Shen handsome, will serve as interim president of Lumileds after the completion of the acquisition. The company also invested in LED lighting, LED technology, and automotive battery technology, etc., are aimed at the future market trends.

Investment institutions involved in the transaction include: Asia Pacific Resources Development and Investment Co., Ltd., Nanchang Industrial Holdings Group Co., Ltd., as well as Jinsha River venture capital fund and other Chinese funded, foreign capital. The GO Scale Capital team holds the innovative technology China industry leading technology and sustained growth, the investment projects including the leading electric car battery maker Boston battery (Boston Power), China leading enterprise Eco-EV manufacturer xindayang Electromechanical group, professional LED lighting manufacturer latticepower limited and Lighting Co Ltd, technology advantage the team has rich LED component and the automobile industry. Through the previous investment in the LED industry, the team mastered the assistive technology and to ensure the production capacity, Lumileds efficient LED production technology and the advantages of the company will bring considerable development.

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