On November 30, the National Development and Reform Commission along with 13 other ministries and commissions issued the "13th Five-Year Development Plan for Semiconductor Lighting Industry" (referred to as the "Plan"). The Plan aims to see continuous breakthroughs in China's semiconductor lighting key technologies by 2020. It envisions an overall output value in trillions, with one or more LED lighting companies achieving sales exceeding 10 billion yuan and creating one or two internationally recognized brands.
The "Plan" emphasizes the need for industrial upgrades, encouraging LED lighting companies to consolidate and expand through mergers and acquisitions, fostering leading enterprises with global competitiveness. It also promotes regional industrial clusters and differentiated development.
In the opinion of industry insiders, the issuance of the "Plan" comes at the perfect time, solving numerous challenges currently faced by China's LED industry. It creates an excellent industrial environment, particularly by promoting mergers and acquisitions, which will significantly drive China’s LED industry toward becoming larger and stronger.
Gaogong LED has observed a wave of mergers and acquisitions within the LED sector during the first half of 2017, hoping that many LED companies will discover their unique growth paths through these transactions.
July
Lu Yitong plans to acquire Shenghui Electronics with a 2 billion yuan budget.
Lu Yitong (300423) disclosed a report on significant asset restructuring on the evening of July 11, indicating the company plans to acquire 100% of Guangdong Shenghui Electronics Holdings Co., Ltd. through issuing shares and paying cash, totaling 2 billion yuan. They also plan to raise matching funds not exceeding 605 million yuan to cover part of the cash consideration.
Shenghui Electronics specializes in the R&D, production, and sales of electrical equipment and LED lighting products. Its revenue in 2016 was 913 million yuan, with a performance commitment of no less than 655 million yuan over the next three years.
Yuanheng Optoelectronics acquired 95% equity of Yuanheng Ruigan.
Yuanheng Optoelectronics released an acquisition report stating that in this deal, the purchaser acquired a 95% equity stake in Yuanheng Ruigan, the controlling shareholder of Yuanheng Optoelectronics, using cash.
Yuanheng Optoelectronics explained that the purpose of the acquisition was to recognize Yuanheng Optoelectronics' management and development strategies and to be optimistic about the company’s future prospects. By obtaining a 95% stake in Yuanheng Ruigan, they aim to gain investment returns without seeking control over Yuanheng Optoelectronics.
June
OSRAM acquires LED Engin Inc. for special lighting focus.
OSRAM announced via press release that it will acquire LED supplier LED Engin Inc.
Located in San Jose, California, with nearly 30 employees and annual sales of around $10 million, the company specializes in ultra-bright lighting solutions for entertainment, UV, gardening, white light, and medical applications using LED chips from OSRAM Opto Semiconductors.
May
Foxconn's parent company acquires Micro LED startup.
Foxconn's parent company, Hon Hai Group, plans to acquire next-generation display technology through its four subsidiaries, purchasing a startup called eLux in California. The company is developing assembly technology for Micro LED displays to accelerate the commercialization of Micro LED technology.
Hon Hai and Sharp acquire the US-based eLux.
To stay ahead in the promising new generation display technology following OLED, Hon Hai Group will not let South Korea’s Samsung and the US’s Apple dominate research and development. It is estimated that the acquisition will cost more than NT$800 million through its venture capital company, Innolux Optoelectronics, Japan’s Sharp, and its LED packaging factory Rongchuang Technology.
OSRAM acquires a German plant lighting startup.
On May 18, OSRAM announced the acquisition of a stake in a German startup, Agrilution, to tap into the plant lighting market.
OSRAM has previously developed lighting solutions for greenhouse plants, and the smart home appliances developed by Agrilution can automatically identify seeds grown in cabinets and adjust temperature, watering, and lighting after applying OSRAM’s LED lighting technology. This allows users to grow flowers, vegetables, and fruits regardless of weather conditions.
Feile Audio acquires equity in two lighting companies.
Feile Audio announced on the evening of May 16 that the company intends to acquire a 20% stake in Feilo Malta Limited (FML), a lighting products company owned by HHL, through its wholly-owned subsidiary IUL for 34.5 million euros. Additionally, FML intends to fully acquire Havells Sylvania (Thailand) Limited, a Thai lighting products company owned by TLACL, for 1.6 million euros.
Yuanfang Optoelectronics acquires 35% equity of Huijing Technology.
Yuanfang Optoelectronics (300306) issued a notice on May 11 regarding the use of its own funds to establish a partnership to acquire part of the shares of Hangzhou Huijing Technology Co., Ltd.
After the acquisition, the company's business will extend into the rail transit field. Yuanfang Optoelectronics plans to seize the country's rail transit development opportunities and actively deploy intelligent detection technology and products for high-speed rail and other rail systems, along with related artificial intelligence solutions. They will also leverage the "One Belt, One Road" initiative to expand the business scope of Huijing Technology and the company.
Huacan Optoelectronics acquires MEMSIC through CFIUS audit.
Huacan Optoelectronics (300323) announced that the company received a confirmation letter from CFIUS, stating that it had acquired 100% equity of Harmony Corelight (Yiwu) Optoelectronics Technology Co., Ltd., and Harmony Core Photonics acquired 100% equity of MEMSIC, Inc., passing the CFIUS review.
Chinese acquisition of Japan Nitto fluorescent film project.
At the beginning of May, the lighting industry saw another major event when Zhongshan City Stereo Optoelectronics Technology Co., Ltd., which focuses on promoting the development of domestic CSP, acquired the Nitto fluorescent film project in Japan.
Hongli Zhihui acquires an LED car lighting company.
Hongli Zhihui (300219) announced on the evening of May 2 that it plans to acquire a 51% stake in Danyang Yishan Auto Lamp Equipment Manufacturing Co., Ltd. (referred to as "Yishan Car Light"). The company operates in the LED automotive lighting industry, with a total commitment of 218 million yuan over the next four years.
April
Chau Ming Technology plans to acquire a stake in Aiga Lighting.
Zhou Ming Technology (300232) announced on April 25 that it plans to acquire no more than 65% of Aiga Lighting's equity for RMB 95 million. The acquiree promises that the net profit for 2017/2018/2019 will be no less than 11 million / 14.3 million / 18.59 million yuan.
Foshan Lighting acquires 32.85% stake in Nanhe Industrial.
Shenzhen New Third Board Company Nanhe Mobile recently announced that Foshan Lighting purchased a 32.85% stake in Nanhe Industrial held by Baiya Company for 180 million yuan.
The announcement shows that Foshan Lighting holds a 32.85% stake in Nanhe Industrial after the equity acquisition. In addition, Foshan Lighting's Consensus Action Electronics Group holds a 34.30% stake in Nanhe Industrial.
Foxconn plans to acquire Toshiba chip business for US$27 billion.
On April 11, it was reported that Foxconn told Toshiba it was ready to acquire Toshiba’s computer chip business for up to 3 trillion yen (approximately 27 billion US dollars). Toshiba is looking to sell assets due to massive investments in nuclear reactor construction projects in the US.
March
Delenda acquires 75% stake in Zhonghui Lighting.
De Runda announced on March 13 that the company plans to acquire 75% of the equity of Puyang County Zhonghui Lighting Materials Co., Ltd. for RMB 18,000.
The company stated that through this acquisition, Puyang County Zhonghui Lighting Materials Co., Ltd. will become a holding company of the company, which will help enrich and improve the company's industrial layout, expand business areas, enhance future profitability, and create conditions for technology introduction and financing in the future.
Yi'an Technology spends 220 million yuan to acquire an LED silicone enterprise.
Dongguan Yi'an Technology (300328) issued an announcement to use its own funds to acquire 100% equity of Shenzhen Opt Industrial Materials Co., Ltd. for 220 million yuan. After the transaction, Opt became a wholly-owned subsidiary of Yi'an Technology.
Mulinsen completes acquisition of Roundmans transaction.
Mulinsen announced on March 5 that the company's investment in the partnership, the company's subsidiary, Mingxin Optoelectronics, and LEDVANCE GmbH's original shareholder OSRAM GmbH, LEDVANCE LLC's original shareholder OSRAM SYLVANIA INC. completed the equity delivery of the transaction. At this point, Mingxin Optoelectronics holds a 100% stake in LEDVANCE and has successfully completed this overseas equity acquisition transaction.
Qinshang Shares plans to acquire 100% equity in Chengdu.
Qinshang shares announced on March 13 that the company plans to acquire 100% equity of Chengdu Gunda Investment Development Co., Ltd., and indirectly acquire 100% equity of Chengdu Qizhong Experimental School held by Chengdu Dacheng.
Liard plans to acquire Junze Lighting for 248 million yuan.
Liard issued a notice on the afternoon of March 2, stating that the company intends to acquire a total of 248 million yuan in cash for the acquisition of Xinyu High-tech Zone Junchen Investment Management Partnership (Limited Partnership) and Xinyu High-tech Zone Junling Investment Management Center (Limited Partnership). Hunan Junze Lighting Design Engineering Co., Ltd. (referred to as “Junze Lightingâ€) 100% equity.
February
American LSI Corporation Acquires Atlas Lighting.
On February 21, LSI Industries Inc. announced that it had completed the acquisition of all of Atlas Lighting's share capital, marking the entry of Burlington quality LED lighting products into the distribution market.
Infineon's purchase of the Career Wolfspeed case was terminated.
Cree announced on February 16 that it will discontinue the Wolfspeed Power and RF Division ("Wolfspeed") sale, which includes silicon carbide (FSE: IFX / OTCQX: IFNNY) power supply, substrate business for RF and gem applications. Cree and Infineon were unable to resolve national security concerns raised by the US Foreign Investment Committee (CFIUS), and thus the proposed transaction will be terminated.
Osram acquires Maneri-Agraz.
OSRAM released a press release on February 6, acquiring Maneri-Agraz, a lighting service provider based in Houston, Texas, to provide energy-efficient lighting solutions for commercial and industrial facilities, with annual revenues of thousands of ten thousand U.S. dollars.
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