LEDinside: CEC Acquisition of Bridgelux Will Shield Epistar from Competitors

Quotes/ Perspectives from LEDinside: 
“CEC’s acquisition of Bridgelux will shield Epistar’s orders from being divided by other LED manufacturers, by keeping LED orders within Epistar affiliated companies,” said Roger Chu, Research Director of LEDinside.

Epistar will be reaping benefits from China Electronics Corporation (CEC) acquisition of leading U.S. LED manufacturer Bridgelux, said Roger Chu, Research Director of LEDinside.

Earlier today, Bridgelux announced it had entered an agreement to be acquired by an investment group headed by major electronic manufacturer China Electronics Corporation (CEC), and ChongQing Linkong Development Investment Company. Bridgelux also intends to spin off its smart lighting business Xenio.

These statistics are based on older statistics published on Kaistar’s websites. Recent reports suggest there have been changes in shareholders stake in the company, with Kaistar increasing its shares to 47.88%. (Source: Kaistar)

Leading Taiwanese LED manufacturer Epistar is optimistic about this recent development that is expected to expand the company’s virtual vertical integration strategies, said Chu.

“CEC’s acquisition of Bridgelux will shield Epistar’s orders from being divided by other LED manufacturers, by keeping LED orders within Epistar affiliated companies,” explained Chu. “If Bridgelux was acquired by San’an Opto it could negatively impact Epistar orders.”

Epistar has an OEM partnership with CEC’s LED subsidiary, Kaistar. Shenzhen Kaifa Technology (Kaifa), and Epistar are the top two shareholders of Kaifa’s LED subsidiary Kaistar, with respectively 47% and 40% shares in the company.

CEC is the parent company of Shenzhen Kaifa Technology (Kaifa), which will be carrying out the acquisition, said an industry insider.

By acquiring Bridgelux, Kaifa will be able to raise Kaistar’s revenues and meet its annual revenue targets, said Chu.

(Author: Judy Lin, Chief Editor, LEDinside)

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