Everlight Purchases German Lighting Factory at Less than 10 Million Euros to Enter European Market

Everlight has been actively developing LED lighting, in addition to operating its own brand "EVERLIGHT", it's board of directors announced on June 25 that it will Purchase 100% stake of an European lighting company at not more than 10 million Euros (about NTD 390 million) to enter the European market.

Everlight planned to purchase a German lighting factory, which is the first mergers and acquisitions Everlight conducted in European region, it aims to strengthen European lighting pathways and business development.

Everlight created its own brand "EVERLIGHT" two years ago, Everlight has promoted its products in Hong Kong, Japan, China and other regions after its market share takes the first place in Taiwan, and the market scale of Everlight is extended to Europe after it purchased Germany lighting factory, which highlights Everlight's commitment to develop the global market.

Everlight pointed out that the performance of LED lighting business in this year is very good, the revenues of LED lighting in last year accounted for 8%. With the developing LED lighting market and effective market distribution channels in China, LED lighting will be the best performers in revenue growth among Everlight's major businesses this year, it is estimated that the revenue of LED lighting will account for 15% this year.

In addition, in response to the ongoing development of LED lighting business, Everlight expanded capacity for LED lighting package components in the first half of this year. It is expected that the monthly package production capacity of LED lighting will be improved by 20% on the basis of 600KK, and it will be completed in the second half of this year.

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