After participating in the successful acquisition of Osram's general lighting company, Randy Vance, Mulinsen's overseas market expansion has not stopped.
On March 20, 2017, Mulinsen issued the announcement of Mulinsen Co., Ltd. on the signing of the “GLOBAL VALUE LIGHTING Co., Ltd. Operating Agreementâ€. The company has signed the "GLOBAL VALUE LIGHTING Co., Ltd. Operating Agreement" with LIGHTINGSCIENCE GROUP CORPORATION (hereinafter referred to as "LSG") and LSG MLS JV HOLDINGS (a subsidiary of LSG, hereinafter referred to as "SPV") (hereinafter referred to as "Operating Agreement" 》â€), the company will invest USD 4.9 million to establish GLOBAL VALUE LIGHTING limited liability company with SPV, accounting for 49% of the total capital contribution of the company. In addition, in this transaction, the company will obtain a preferred stock of SPV.
Basic situation of the transaction target
Name: Global Value Lighting LLC
Registered Address: 615 DuPont Road South, Dover, Delaware
Registration Authority: Capitol Services
Main place of business: Room 204, No. 1350, Division Road, West Warwick, Rhode Island
Business Scope: Promotion, sales and distribution of private label LED lighting products and services to stores and commercial customers in North and South America.
Mulinsen said that LIGHTING SCIENCE GROUP CORPORATION is one of the major suppliers of LED brand-owned lighting products in the United States. It owns its own brand sales channels for supermarket stores including Home Depot, and is engaged in advanced and environmentally friendly LEDs. Design, development and sales of sustainable and differentiated lighting solutions.
Relevant personnel of Mulinsen said that the establishment of the joint venture company can effectively expand the company's overseas sales channels, promote the development of the company's overseas business, enhance the company's comprehensive competitiveness, and comply with the company's development plan.
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