According to foreign media reports, on July 26, Germany's Osram has officially agreed to sell the newly operated lighting business company Ledvance to the Chinese consortium. The acquisition of Ledvance's Chinese consortium includes strategic investment group IDG Capital, China's lighting giant Mulinsen and the financing unit Yiwu State-owned Assets Operation Center, which acquired Osram's lighting business Ledvance for 400 million euros (about 2.931 billion yuan).
OSRAM CEO Dr. Olaf Berlien, Mulinsen Chairman Sun Qinghuan and OSRAM OPTO Semiconductors CEO Aldo Kamper 
(From left to right) OSRAM CEO Dr. Olaf Berlien, IDG Capital Antony Yu, Mulinsen Chairman Sun Qinghuan and Jes Munk Hansen, Ledvance CEO. (Source: Osram)
At the same time, the acquisition also includes the right to use the trademark license, Ledvance will continue to use Osram and the North American Sylvania brand in the future. Relevant technologies and other intellectual property specifications have clear specifications. It is reported that Ledvance can continue product development on this basis, but Osram is only authorized to use and not sell patents.
At the same time, OSRAM revealed that the acquisition conditions include retaining the existing R&D team and not dismissing existing employees until the end of 2018. “The entire acquisition agreement includes ensuring that employees in Germany are retained.†Ledvance had 8,800 employees as of July 1.
According to the report, Ledvance and the Chinese consortium have a very good complementarity in global structure and product composition. Through this combination, the two will benefit from the synergy of larger markets, distribution channels and procurement. Ledvance also brings a complete family of lighting products with solid financial resources.
The transaction is expected to be completed in the 2016-2017 fiscal year, and Mulinsen is expected to leap to the top three LED lighting factories in the world.
With the transaction, Osram and Mulinsen also reached a strategic supply agreement. After Osram's LED wafer fab in Malaysia began operations, Mulinsen will make an annual order to Osram to purchase a large number of LED chips.
Mulinsen executive general manager Lin Jiliang said that after winning Osram lighting, Mulinsen is expected to leap to the top three LED lighting manufacturers in the world. Since Osram Lighting has 80% of its business in Europe and the US, these markets value patents. Lin Jiliang believes this. The pile merger will benefit the strategic partner Taiyuan Jingdian.
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