LEDVANCE Now Wholly Owned By MLS

(Image: LEDVANCE)

LEDVANCE, one of the world's leading general lighting providers for professional users and end consumers, is now 100 percent owned by the leading Chinese LED lighting company MLS. MLS has taken over the full ownership of LEDVANCE by means of a share deal with the strategic investor IDG Capital and the financial investor Yiwu. As part of the deal, IDG Capital and Yiwu will become shareholders of MLS via a joint investment.

 “This transaction marks another important milestone for LEDVANCE. Over the past year the consortium has been important for the further development of LEDVANCE, and we thank IDG Capital and Yiwu for their support”, said Jacob C. Tarn, Ph.D., Managing Director and CEO of LEDVANCE. “With MLS as our partner and key supplier of LED components, we will continue to vehemently drive forward the transition of LEDVANCE into becoming the leading global LED lighting company. Hereby, we will, for instance, build on our strong momentum in the LED luminaire market”, adds Tarn.

The change in ownership has no impact on LEDVANCE’s legal form as a German GmbH. The company will continue to be an entity under the principles of German codetermination with its global headquarters to remain in Garching near Munich.

At the beginning of 2017, a Chinese consortium led by IDG Capital and including MLS and Yiwu acquired LEDVANCE from OSRAM.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

High current density, very low thermal resistance and low-profile mean that lighting equipment manufacturers can increase brightness while reducing system size Flat LED package for easy integration and closest mounting of optics to light emitt... READ MORE

Highlights: ・By enabling in-house production of laser diode chips for all three primary colors (RGB), a variety of customer requests can now be met. ・Accelerates the development and commercialization of higher efficiency and higher output produ... READ MORE