Following July 29, after Mu Linsen acquired the OSRAM light source business for 400 million euros, on October 6, Chinese LED manufacturers sent a major M&A information. The acquisition and acquisition targets are eye-catching, and Chinese chipmaker Sanan Optoelectronics wants to acquire German lighting company OSRAM.
On October 6, according to the German economic weekly (WirtschaftsWoche), China's LED chip maker Sanan Optoelectronics (600703) plans to acquire the old German lighting giant Osram.
The report quoted an unnamed source involved in the negotiations as saying that Sanan Optoelectronics intends to offer an offer to OSRAM before mid-October. Founded in 1919, OSRAM is currently one of the world's largest light source manufacturers, and is ranked among the world's three largest lighting giants with Philips Lighting and GE Lighting.
According to the German Economic Weekly, Sanan Optoelectronics may propose to pay about 70 euros (78.39 US dollars) per share of Osram shares. If fully acquired, the valuation of OSRAM is around 7.2 billion euros ($8.1 billion).
This is the latest case of Chinese companies bidding for old German industrial enterprises.
According to the official website, Sanan Optoelectronics is the earliest, largest and best quality full-color ultra-high brightness LED epitaxial and chip industrial production base in China. It is headquartered in Xiamen, and its industrial base is located in Xiamen, Tianjin and Wuhu. , Quanzhou and other regions. Sanan Optoelectronics is a “National High-tech Industrialization Demonstration Project†approved by the National Development and Reform Commission and a “Semiconductor Lighting Engineering Leading Enterprise†recognized by the Ministry of Science and Technology. It undertakes many major issues such as the national “863†and “973†programs and owns National post-doctoral research station and national enterprise technology center.
Headquartered in Munich, Germany, OSRAM has more than 40,000 employees in more than 150 countries. OSRAM is a global leader in semiconductor technologies such as LEDs and OLEDs, with LED products accounting for approximately 25% of OSRAM's total sales. From components to light management solutions, OSRAM is involved in the complete LED value-added chain and has 8,000 LED patents.
In 2013, OSRAM was spun off from Siemens. In the current shareholder structure of OSRAM, Siemens has a 17% stake, but Siemens also has a Siemens Pension Trust EV with a 2.5% stake, so Siemens accounts for about 20% of Osram.
In July of this year, OSRAM officially agreed to sell its subsidiary, LEDVANCE, and the Chinese consortium that won the bid has bid more than 400 million euros (about 439 million US dollars), including strategic investor IDG, China Lighting Corporation MLS (Mulinsen Company and financial investor Yiwu State-owned Assets Operation Center.
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