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Tags: LED industry, integration, mergers and acquisitions, San'an, BDO Runda, Jufei Optoelectronics, Samsung
At the end of the year again, for the LED industry, 2013 can be described as a "fishy storm", but it is also "exciting." In the cruel industry competition, some companies are unable to support and collapse, while others are growing and becoming stronger. Among those thriving companies, most have chosen to seek partners, or join forces for stability, or learn from each other's strengths and make progress together. Because of their existence, the entire LED industry in 2013 showed a strong "integrated mergers and acquisitions", leading the LED industry to a sounder and brighter development path.
1. San'an Optoelectronics continues to expand and has two acquisitions this year
Xiamen Sanan Optoelectronics announced on June 5 that Lightera Corporation, a wholly-owned subsidiary of the company, acquired 100% equity of Luminus Devices, Inc. (hereinafter referred to as "American Lumin") with US$22 million in monetary funds. It is reported that American Lumen was previously insolvent and acquired a company with negative net assets, which inevitably makes people incomprehensible. However, Sanan Optoelectronics has its own consideration. Although Lumens in the United States is not doing well, it has a total of 151 patents worldwide and patents pending. The acquisition of Sanan Optoelectronics is to go with the patent of American Lumen.
When mentioning another acquisition of Sanan Optoelectronics, the tortuous and long process can be written into a book. Since Taiwan's Canyuan announced its strategic alliance with San'an Optoelectronics on November 12, 2012, San'an will take a 20% stake in Canyuan, and news about this acquisition has been released continuously. First, in April San’an broke the scandal of unclear financial statements, the Taiwan Investment Review Board suspended the approval of the investment case; then waited for the re-examination of the Industrial Bureau of the Ministry of Economic Affairs of Taiwan; finally, under the premise of the “four chapters” of the Ministry of Economic Affairs, "Can love" was completed. On October 8, Sanan Optoelectronics announced that the registration procedures for the subscription of Canyuan Optoelectronics had been completed. Sanan holds 120 million shares of Canyuan Optoelectronics, accounting for 19.77% of Canyuan Optoelectronics' total share capital, and is the largest shareholder of Canyuan Optoelectronics. This is the largest M&A investment project in Taiwan since the opening of mainland investment in Taiwan, the first case of cross-strait LED industry investment cooperation, and the first case of cross-strait listed company mergers and acquisitions.
2, BDO Runda and NVC Lighting join forces
On December 26, 2012, BDO Runda announced that it had acquired a total of 20.05% of NVC Lighting at a total price of approximately 1.34 billion yuan. In May 2012, Wu Changjiang's departure caused an infighting turmoil, which made NVC exhausted both physically and mentally. With the introduction of Dehao Runda, the NVC turmoil appeared a reversal pattern.
It is worth noting that this transaction has also been recognized by the founder of NVC Lighting, Wu Changjiang. He believes that traditional lighting will face a profound transformation because it will be eliminated. The introduction of BDO Runda as the largest shareholder of NVC will benefit Lei Shi The future long-term development of NVC is conducive to the rapid and healthy transformation of NVC. And Dehao Runda said that the cooperation with NVC Lighting aims to use its comprehensive sales channels and strong dealer network to sell the company's LED lighting products. This share purchase is mutually beneficial for the two companies. Since then, the two companies have carried out a series of follow-up actions.
On April 2, 2013, BDO Runda confirmed the rumors in the industry that "the sales of BDO Runda LED products will be fully integrated into the NVC Lighting Operation Center". This shows that BDO Runda began to use NVC lighting to expand the indoor LED market.
On August 29, 2013, BDO Runda announced that it and NVC Lighting will jointly fund the establishment of a company in Huizhou City, Guangdong Province, mainly engaged in LED packaging business.
3. Jufei Optoelectronics acquired Xionglian Industry to expand the scale
Shenzhen Jufei Optoelectronics Co., Ltd. is engaged in the R&D, production and sales of SMD LED devices. The main products are backlight LED devices and lighting LED devices. Since its establishment in 2005, the company has developed steadily. By 2013, the company’s existing production sites could no longer meet the company’s development plan needs. In order to expand the production scale, Jufei Optoelectronics announced on January 8 that it intends to acquire the company’s holdings held by Xionglian Hat Factory with an excess of RMB 136 million. Xionglian Industrial Development (Shenzhen) Co., Ltd. 100% equity.
4, Furi Electronics acquired Mai Rui Optoelectronics
On July 14, 2013, Furi Electronics announced that it intends to acquire 92.08% of the shares of Shenzhen Mai Rui Optoelectronics Co., Ltd., with a view to promoting the company's LED industry asset integration and business restructuring, and making LED one of the company's core industries.
Furi Electronics was mainly engaged in the production and marketing of branded TV sets jointly invested with Hitachi in 1999. Due to fierce industry competition and other reasons, the company eventually faded out of the color TV industry. Since then, he has operated a variety of electronic products. The company has been involved in the LED industry since 2001 and has successfully developed LED indoor and outdoor lighting products including indoor lighting, street lights and tunnel lights, as well as LED non-lighting products such as displays, landscape products, and packaging.
Although the process of Furi Electronics' acquisition of Mai Rui Optoelectronics has been twists and turns, in the end, its fixed-increasing acquisition plan passed the general meeting of shareholders with a vote ratio of 97.71%, but it was a worry.
5. Samsung's acquisition of Novaled, Germany, pave the way for OLED patent issues
As early as the second half of 2012, the Korean company Samsung Electronics had an OLED patent dispute with LG, but it has been unsuccessful. On July 31, according to foreign media reports, Samsung plans to acquire German OLED manufacturer Novaled, and the transaction amount is expected to exceed US$200 million. Market analysts pointed out that one of the purposes of Samsung's acquisition of Novaled is to resolve a series of recent OLED patent disputes. The acquisition ceremony has also been successfully completed in Germany.
6. Hongli Optoelectronics acquires Fuda and enters LED automotive lighting
Since entering 2013, LED has ushered in a period of industrial explosion, and its application fields have been expanding. The emerging market LED automotive lighting is also known as the new blue ocean in the LED lighting market. Many LED companies want to join them, and Guangzhou Hongli Optoelectronics Co., Ltd. is unwilling to be left behind.
Hongli Optoelectronics announced on August 22 that it intends to acquire a 38% stake in the holding subsidiary Guangzhou Fuda Signal. Since then, Guangzhou Fuda Signal has become a wholly-owned subsidiary of Hongli Optoelectronics. Fuda Signal LED products are mainly used in the lighting of automobiles, motorcycles, and ships. The acquisition of Hongli Optoelectronics indicates that it will increase investment in the future, making LED automotive lighting one of the main businesses of Hongli Optoelectronics and making it a new profit growth point for the company.
7. Taiwan's China Electrical Appliances acquired Qi Yao
On October 8, 2013, the China National Electric Board of Directors decided to publicly acquire a 60% stake in the LED packaging factory Qi Yao Optoelectronics. Chinese electrical appliances started from the traditional manufacturing of light bulbs and became the leader of the lighting industry in Taiwan with the brand "East Asia Lighting". In recent years, it has also actively entered the LED lighting market. CLP stated that it expects to use this acquisition plan to expand into LED packaging manufacturing, and at the same time master key upstream LED lighting technologies to form a one-stop LED lighting upstream and downstream supply chain.
8. Guangdong Media acquired Champserie Media for 450 million yuan to compete for outdoor LED new media
On October 28, 2013, Guangdong Media announced that the company and its wholly-owned subsidiaries planned to purchase 100% of the shares of Shanghai Xiangxieli Advertising Media Co., Ltd. through a combination of cash and issuance of shares. After the completion of this acquisition, Guangdong Media's business sector layout will be further improved.
9, Leyard moves frequently, two acquisitions within two days
In 2013, Leyard launched a series of high-density LED displays and successfully entered the seamless splicing wall market; cooperated with India MIC to enter the Indian LED market; successively obtained 4 LED patent certificates, etc. Recently, Leyard is even more generous, acquiring two LED companies in two days.
On November 20, 2013, Leyard announced that it intends to acquire 100% of Beijing Internet Yida Technology Co., Ltd. (hereinafter referred to as "Internet Yida") for 40.83 million yuan. Leyard said that the acquisition of Internet Yida is to rapidly expand the company's market sales share in the field of radio and television and to further promote the company's in-depth development of large-size and small-pitch LED TV products in the direction of specialization and industry.
The next day, on the evening of the 21st, Leyard announced that it intends to acquire the entire equity of Shenzhen Jinda Lighting Co., Ltd. (hereinafter referred to as Jinda Lighting) at a price of 200 million yuan in a "fixed increase + cash" method.
The above are several pairs of "partners" in the LED industry in 2013 compiled by the editor. In this year, the LED industry has enjoyed various brilliance, but also experienced many setbacks. Fortunately, it walked firmly through the twists and turns, and continued to advance vigorously. In this industry elimination game of survival of the fittest, many companies choose to find teammates to make progress together. Some of the cooperation of these "partners" is well-received, and some are surprising. Of course, we can't make a conclusion too early on whether their cooperation is good or bad. All of this will be proved by their efforts and time.
