Jiawei shares to be 60 million acquisition of the European L&D force LED lighting

Jiawei shares September 11th evening announcement, a wholly owned subsidiary of Jiawei Technology (Hongkong) Co., Ltd. recently with the European company Lion & Dolphin A/S ("L&D") shareholders signed an agreement with the highest of less than $10 million (about 61 million 259 thousand yuan) the entire equity acquisition of L& D price.

According to reports, L&D company is headquartered in Europe, mainly engaged in LED lighting business, the company has been established for nearly 20 years, has a perfect localization team, good business and customer accumulation, and has "Duracell" lighting brand in addition to North America, Chinese outside of authorized. Jiawei shares in the announcement forecast, L&D 2015-2017, net profit will reach 1 million 417 thousand euros, 2 million 11 thousand euros and 2 million 985 thousand euros.

Jiawei shares that the company has accumulated in the North American market develop more successful experience of overseas markets, in recent years, the company entered the one hand to speed up the pace of the domestic market, the acquisition of the domestic well-known brand "commercial lighting products lighting", on the other hand, actively expand outside North America the most important market in europe. The acquisition of L&D company, the company will be based on the company has a stable business, give full play to the resource synergy, increase investment and development, business and product integration, the company will have the "Golden King" brand in China lighting outside world authorized companies in Europe, the business is expected to achieve substantial growth.

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