The sale of Osram's sale of Roundmans to the Chinese consortium was completed and effective on March 3, 2017.
Prior to this, both parties have been approved by all relevant regulatory authorities. The final amount of the transaction is approximately EUR 500 million. OSRAM will also receive up to €100 million in patent license payments from the buyer team for the use of its trademark rights in the next few years.
Previously, the OSRAM Board of Directors conducted an in-depth evaluation of the strategic decision-making of the general lighting fixture business and unanimously passed the resolution of the Landevance sale.
Dr. Olaf Berlien, CEO of OSRAM Licht AG, said: "The successful completion of this transaction is an important milestone in the strategic transformation of OSRAM. As a high-tech company, we will invest more in a stronger momentum. An attractive future growth market."
In addition, through this transaction, Osram and Mulinsen reached a strategic cooperation intention, Mulinsen will purchase LED chips from Osram Malaysia Kulim new factory.
It has to be said that it is not easy for the "Songlang Love" to become a positive fruit. As of now, the acquisition has lasted for more than a year. Today, Gaogong LED will take everyone to review this bidding process.
Mu Linsen's bidding review
On November 6, 2015, Mulinsen announced that the board of directors agreed to participate in the bidding for some of the lighting business assets of OSRAM Licht AG (Osram).
On May 16, 2016, Mulinsen held the 27th meeting of the second board of directors. The meeting reviewed and approved the “Proposal on Agreeing the Company to Participate in the Bidding Consortium to Submit Legally Binding Tenders to OSRAM Licht AGâ€.
On May 17, 2016, Mulinsen announced that it would form a bidding consortium with the partners, participate in the bidding of some lighting business assets of OSRAM Licht AG, and submit legally binding bids to OSRAM.
Lin Jili, executive general manager of Mulinsen in early July 2016, said that Mulinsen had delayed the bidding for Osram lighting, but it is expected to make further progress in the near future.
On July 26, 2016, Osram of Germany officially agreed to sell the newly-operated lighting business company LEDVANCE to the Mulinsen joint bidder for more than 400 million euros (about 439 million US dollars).
In early August 2016, Mulinsen Co., Ltd. and Yiwu reached an agreement. After the successful acquisition, the company will gradually introduce LEDVANCE technology into Yiwu Industrial Park, which will drive the overall development of LED industry in Yiwu Industrial Park. Level.
On August 9, 2016, Mulinsen announced that it had signed a Memorandum of Understanding with Mingxin, a shareholder of Mingxin Optoelectronics, and was negotiating and communicating on the detailed transaction plan. The independent financial consultants, law firms and audit institutions hired are studying and demonstrating the specific plans for this major asset restructuring.
In September 2016, Mu Linsen reviewed and approved the “Proposal on Signing the LED Lighting Project Investment Agreement with the Zhejiang Yiwu Industrial Park Management Committee†and issued a bond raising of 2 billion yuan.
In February 2017, the joint consortium such as Mulinsen acquired Osram's Landdevans to complete all overseas approvals, and only the foreign management bureau approved.
In the industry view, the acquisition of the world's first-class brand, sales channels and advanced technology in China is expected to promote structural and systematic changes in industrial technology.
Of course, in a sense, the completion of the transaction also injected a shot in the arm for recent listings and even Chinese-funded overseas mergers and acquisitions.
In general, domestic LED listed companies acquire overseas companies, gain advanced technology and break the patent threshold is the main purpose. In addition, it is also an effective means for Chinese companies to quickly enter the international arena and expand overseas markets. With the help of mature foreign brands and existing market channels in foreign countries, the market development cycle can be greatly shortened.
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