Huizhou-based NVC Lighting Holding Ltd, in China is reported to intend to acquire small and medium-sized European firms for new markets expansion.

In the mean time, the company is also actively tapping the emerging markets of India, Brazil and South Africa.

On Monday,NVC has just made a agreement with the Olympic Council of Asia to become its long-term lighting and service partner. In addition, NVC has applied to become the sole lighting supplier for the Asian Games in South Korea and the Asian Beach Games in Thailand in 2014.

The company will also provide its lighting expertise in certain venues for the London Olympic Games even though it is not an official supplier to it.

Overseas sales are growing faster than those in the domestic market, accounted for about 20 percent of the firm's total revenue of $471.725 million last year. In the near future,the company plans to increase overseas sales to 50 percent of the company's total sales.