Electrical Business

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Chinese consortium completes Ledvance acquisition


March 6, 2017
By Anthony Capkun

March 6, 2017 – Following receipt of all necessary approvals from the relevant authorities, the sale of Ledvance by Osram to a Chinese investment consortium—which we told you about last year—has been completed.

The consortium comprises investor IDG Capital, LED packaging manufacturer MLS Co. Ltd. (MLS) and Yiwu State-Owned Assets Operation Center (Yiwu).

“What drives us as the majority owner within the investment consortium is to leverage our global investment expertise and resources to help Chinese companies—and long-established companies from developed markets—make the most out of their joint market potentials,” said Antony Yu of IDG Capital.

Through MLS, Ledvance gains access to cost-efficient LED components for its products, says the consortium, and will be able to expand its market presence in China; in turn, MLS benefits from Ledvance’s industry experience and international market presence.

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Based on an agreement with Osram, Ledvance will continue to use the Osram brand name for its products (Sylvania in Canada).



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