LED lighting industry trends: mergers and acquisitions integration

For one or two years, is experiencing a profound change in the LED industry heavyweight acquisitions are frequent, inter firm merger integration even alliance cooperation phenomenon is very popular, but has become a new bright spot of the industry concerned.

In general, the LED industry has good development is expected, the expansion of enterprises internal power, promoting policies, enterprises have become a powerful thrust take merger integration strategy; can be expected, with the changing pattern of the industry, the future integration will become an important manifestation of the next step of the adjustment of industrial structure.

Domestic enterprises: mergers and acquisitions integration, accelerate the layout

For some have channels and brands, a leading position in the industry and the relatively abundant capital of large enterprises, industry is close to the explosive development of time is often a good time to choose shot acquisitions, especially for the good expectations for the future market, some domestic and foreign large enterprises have obvious on mergers and acquisitions and integration of industrial chain showed a keen interest in the according to statistics, since the second half of 2011 so far, the global LED industry including Chinese market has occurred since nearly 20 heavyweight acquisitions.

First of all, to domestic enterprises, through mergers and acquisitions or alliance cooperation to accelerate the layout of industrial chain integration has become a major trend of the current pace; leading domestic lighting enterprises NVC at the beginning of 2012 declared with the LED enterprise REFOND joint venture, executive vice president of NVC Yin Kang also said that NVC has with CREE, Taiwan crystal electric etc. LED manufacturers have formed a strategic partnership, the future will be through the overall layout of the integration of mergers and acquisitions upstream of LED enterprises to quickly complete industrial chain. But he also said frankly: there are a lot of mergers and acquisitions including failures between domestic enterprises at home and abroad, to see the risk of mergers and acquisitions, especially certain itself, according to his continuous observation of the LED industry, the current LED technology enterprises have no scale, less technical scale, especially the former, not too many worthy of M & A.

But in recent years, for whatever purpose, M & A is like in the LED industry has appeared several times, as early as the 2008 financial crisis, four group has been "going out", bought Canada sapphire factory from the world's top 500 Honeywell hands; Lu Ming group and the United States share compound semiconductor light emitting material manufacturer AXT photoelectric company division; Yankon has also launched the first overseas acquisition by means of the LED lighting market. To have a price of 13 million 500 thousand yuan for Hangzhou Hanguang lighting 50% stake in Japan and has obtained a 30.188% stake in the company LIREN.

As recently announced, the capital, Han's laser deep LED big screen leader Yuanheng Yuanheng photoelectric photoelectric, holding a 51% stake to 41 million 800 thousand yuan, deeply involved in the LED application area; gold lumen reached a strategic cooperation with SHARP, to promote cooperation in the three aspects of lighting application development, technology exchange and common market, the layout of the market Depp; technology to 124 million yuan acquisition of Mega Wide and Starry View all equity, through its subsidiary sales channels and networks, access to the mainland, Hongkong and the European brand product sales business, previously, Depp also received 160 million yuan to buy 60% stake in Jun Yu technology, obtained Jiangxi Weiguang 95% stake.

In addition to the integration of mergers and acquisitions based on the industry within the industry, mergers and acquisitions of enterprises outside the industry began to appear. For the development of LED lighting industry optimistic about the prospects, recently, some industry enterprises mergers and acquisitions to fashion, planning involved in the LED industry, there is news that there is an association of their business and LED listed company, since 2012 began the formal acquisition of action, has been on a number of LED industry chain enterprises in different locations all over.

International manufacturers: focus on the acquisition of the application area

Compared to domestic lighting manufacturers large and small mergers and acquisitions performance, the action of the international manufacturers more eye-catching.

Since the second half of last year, or to acquire technology, or intended to enter the market, GE, OSRAM, LayTec Germany AG company, Endo Terua and other international manufacturers had received from the news of the acquisition, especially the international lighting giant OSRAM, PHILPS, has been through a series of mergers and acquisitions made more layout. It is obvious that these international companies present a series of acquisitions integration is more long-term, merger objects are technical prospective, but also has a certain market share of the enterprise, is of particular concern, the focus of these transnational enterprises merger has begun to turn to the downstream segment applications, in order to more market segments through M & a driver and lighting design company's breakthrough.

September 2011, GE acquisition of LED electronics pioneer Lightech news caused widespread concern in the industry. "LED drive technology is a key technology of intelligent power LED lighting system, GE lighting company president and chief executive officer of Maryrose Sylvester said:" this acquisition means that we will be able to quickly GE the company's design capability of power electronic technology and the Lightech high power drive and control technology are combined to provide a more efficient optimization of LED lighting system for customers. "In the eyes of many people, has a long history and behavior in the industry veteran GE low-key lighting enterprise merger is more like a" market has become increasingly closer "positive signals, ship approaching the center of the sea, sail must pull up.

OSRAM also in 2011 to complete the acquisition of three companies, such as SITECO, EncELium, TRAXON, Germany, through the integration of the whole industry chain has the downstream customers of these enterprises and