LED lighting market close to the breakthrough point industry mergers and acquisitions undercurrent

On the eve of LED general lighting era, a wave of mergers and acquisitions in the Chinese LED lighting industry simmering.

Next, the NVC will integrate acquisitions by industry to meet the domestic and foreign LED lighting market demand. "12 days, NVC (02222.HK) chairman Wu Changjiang told the" First Financial Daily "said that NVC is currently looking for the LED field has the core technology, have certain channels, or have complementary characteristics of products with NVC domestic and foreign companies, in order to enrich the LED product of NVC.

"NVC and CREE, Taiwan EPISTAR LED giant strategic partnership. Global LED lighting market has reached a critical point of breakthrough, because the product price has been relatively reasonable, while the product technology and quality are ripe. Wu Changjiang said.

In fact, Zhen Mingli (01868.HK) and sunshine lighting (600261.SH) has long been a means of mergers and acquisitions, the first to start overseas LED lighting market.

In January 25th, Kerry announced that a $17 million cost of the acquisition of the U.S. company HCI. Announcements, HCI is a commercial professional LED lighting products design, production and distributors, in the world has a wide range of architectural designers and distributors channel resources. In this before, Kerry also acquired International and Ilio American Lighting LED in the two leading North American lighting market enterprises.

The Yankon with a price of 13 million 500 thousand yuan to take a 50% stake in Hangzhou Hanguang lighting, with a price of 1 million 237 thousand and 600 yuan to hold a 30.188% stake in the company in Japan LIREN.

Neoneon President Fan Banghong said, "de Ho Runda (002005, shares) in China will also launch some strategic acquisitions. "Elec-Tech (002005.SZ) chairman Wang Donglei told reporters, according to the current progress in the development of the domestic LED industry, as well as domestic MOCVD equipment (LED chip production equipment and production schedule arrival), LED light source to the end of this year is likely to fall to $1 per watt, while the price is only 1.2~1.5 times the price of energy-saving lamps." when the LED products and energy-saving lamps products price only 1.2 rate, LED lighting market will suddenly enlarged. It is estimated that China's energy-saving lamp replacement rate will reach 10%, while the European and American market replacement rate will reach 50%. "Wang Donglei also said that by the end of this year, there will be 50 MOCVD Elec-Tech equipment.

And Wang Donglei said, seems to explain the acquisition and Yankon zhenminglee, before LED lighting era on the eve of the layout, LED lighting market may suddenly snatch amplification.

We are expected to use acquisitions to make up for their short board in the industry and channels. "LED CEO Zhang Xiaofei pointed out that NVC as the representative of the traditional lighting manufacturers, in the development of LED lighting and the core technology is still lacking, and Kerry as the representative of the LED vertical integration enterprise, naturally in overseas channels and brands are lacking," M & A is the best means to quickly access and snatch LED lighting market the. While wearing the concept of LED, the acquisition is also easy to get the support of the capital market.

Based on this, LED lighting industry has been shrouded in the "fish" atmosphere. Because the lighting companies want to take the occasion of the transformation of LED lighting, fast bigger and stronger, changing the traditional lighting market in the mountains of the pattern. Zhang Xiaofei said.

At present there are more than 1 mainland China million lighting companies, including NVC and PHILPS, the top three of total sales accounted for only 2.5% of total sales of mainland lighting products, by ordinary energy-saving lighting products, it is difficult to differentiate in the market level, the future focus of competition in LED lighting.