THE PARTNERSHIP STARTS NOW
LEDVANCE has been sold to a Chinese consortium consisting of the investor IDG Capital, the Chinese lighting company MLS Co., Ltd. (MLS) and the financial investor Yiwu State-Owned Assets Operation Center (Yiwu). Together the involved companies intend to expand their position as global leaders in the lighting industry. LEDVANCE and MLS – one of the world’s largest producers of LED packages - complement each other very well, both geographically and in terms of product portfolio. Through the transaction, both will benefit from a significantly larger sales and distribution network, as well as sourcing synergies, laying the foundation for co-operative future growth.
The partnership creates a multiplier effect: Increased production capacity, wider sales reach, and an end-to-end LED value chain extending from Research & Development through LED components to finished goods production. This means we can now meet individual customer needs through powerful, flexible, sustainable and competitive lighting products spanning all price classes.
As a pure player, we focus on lighting – and connected smart home products. Together, we are now one of the world’s largest provider of traditional lighting and LED products with a strong manufacturer DNA that we both have. Strengthened by our OSRAM heritage plus our high standards in research, development and manufacturing, we will share and leverage our passion to advance light even further.
As a global team doing business in more than 120 countries with shared and strong values, we are united in our aspiration for excellence in everything we do. Enriched by the cross-cultural sharing of expertise, experience and best practices, our global workforce has the energy and inspiration to truly advance light.
With a rich product portfolio extending from traditional bulbs to modern LED products, we provide a one-stop offering for all of today’s and tomorrow’s lighting needs across both B2B and B2C touchpoints. While growing in standardised LED luminaires and high-volume lamp products, we are simultaneously inspiring the future of lighting with trending retrofit, special feature and smart home innovations.
With our high production standards worldwide, we bundle our European and American seal of quality with the cost and flexibility gains of global sourcing and regional manufacturing. Building on decades of experience in Research & Development and a broad portfolio of patented technologies, we have a heritage of around 100-year-in lighting products design and execution excellence.
We provide one of the largest European brands in traditional and LED bulbs with one of the most trusted U.S. brands in lighting as well as one of the largest Asian brands for LEDs – all with a rich and long heritage – to create a powerhouse of trust and stability. This exceptional springboard leaves us ideally positioned to strengthen our customers’ competitiveness.
THE INVOLVED COMPANIES IN A SHORT PORTRAIT
With almost 9,000 employees and active in more than 120 countries, LEDVANCE GmbH is one of the world's leading general lighting providers for professional users and retail customers. Emerged from the general lighting business of OSRAM GmbH, the company offers advanced LED lamps, standardized LED luminaires, intelligent, networked Smart Home and Building solutions, and traditional light sources. Since 2017, LEDVANCE is owned by a consortium led by the strategic investor IDG Capital and including the leading Chinese lighting company MLS and the financial investor Yiwu. In the 2016 fiscal year, LEDVANCE achieved a turnover of around 1.9 billion Euro. Based on an agreement with OSRAM, LEDVANCE will continue to use the trusted OSRAM and SYLVANIA (for USA and Canada) brands for its products. Additional information can be found on the internet at www.ledvance.com.
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MLS is one of the leading high-tech lighting companies in China, with its headquarters located in Zhongshan City, Guangdong. The company is listed on the Shenzhen stock exchange since 2015. Producing one of the highest monthly packaged LED volumes in the world – with up to 70 billion units per month – the company in terms of sales is ranked amongst the top 10 companies within the global LED industry. MLS is committed to continuously developing the LED supply chain and, with its leading market share, it has become one of the most important LED product manufacturers in the world. MLS is devoted to supplying energy-saving and eco-friendly lighting products to its customers globally.
ABOUT IDG Capital
Founded in 1993, IDG Capital was one of the first foreign venture capital firms to enter the Chinese market and focus exclusively on Chinese companies. IDG Capital’s portfolio includes more than 500 companies and the company has conducted over 120 successful exits. IDG Capital currently has $10 billion total assets under management.
Yiwu manages companies and provides financial and investment management resources for equity investments. Yiwu manages a volume of more than €11 billion in gross assets and €4 billion in net assets.