On May 27th, Philips Lighting, which was spun off from Philips, was listed on the Amsterdam Stock Exchange in the Netherlands, and the “Philips Lighting Sale†for a long time was settled. Since Philips wanted to sell the Philips lighting business last year, it has been looking for suitable buyers, and many factors have interfered. Philips finally chose to separate the lighting business, and the stock price rose on the first day of the IPO on Friday. In the early trading of the Euronext Amsterdam, Philips Lighting shares rose 8% to 20 euros (22.36 US dollars). The IPO's target price range is between €18.50 and €22.50 per share. This means that Philips has a market value of 3 billion euros and a debt calculation of 4.5 billion euros, making it the world's largest independent lighting manufacturer.
As early as March 19, 2015, Philips said it plans to split its lighting division and make its initial public offering (IPO) in 2016.
On March 31, 2015, led by Jinshajiang GOScaleCapital, Asia Pacific Resources Development and Investment Co., Ltd. and Nanchang Industrial Holding Group Co., Ltd. and other Chinese and foreign consortiums supported the M&A Fund to announce the successful acquisition of 85% of Philips' Lumileds. Shares, Philips will retain the remaining 19.9% ​​of the shares. Philips Lumileds currently includes the LED and Automotive Lighting Division. The transaction, valued at approximately $3.3 billion, is expected to be completed in the third quarter of 2015 after obtaining regulatory approvals such as regulatory approvals.
I thought that the Philips lighting business was sold with the acquisition of state-owned assets. On October 27, 2015, Philips announced that its plan to sell the Lumileds lighting department to the Chinese-funded consortium for $3.3 billion may be blocked because the US authorities By opposing this deal.
After a lot of efforts by Philips to ease the concerns of the US Overseas Investment Committee, the committee did not approve the acquisition. On the evening of January 22, 2016, Beijing time, Philips said that due to regulatory considerations in the United States, the company has terminated its original plan to sell its lighting parts and automotive lighting divisions to Chinese investors, and will continue to buy with other potentials in the future. Consultation.
On March 3, foreign media said that the well-known investment management company Blackstone Group and Onex have formed a consortium to bid for Philips' lighting business, which may be worth between 4.5 billion and 5 billion euros.
According to a report on April 4, informed sources revealed that Royal Philips of the Netherlands has designated six banks for the possible initial public offering of the lighting sector and submitted draft documents to the Dutch market regulator. At the same time, the auction sale of lighting business is also keep going. As the final bid was postponed until April 18, the sale process was delayed. In addition, a potential buyer (allegedly the British investment company Melrose Industries Group) has withdrawn from the bidding, increasing the possibility of IPO for the Philips lighting business.
Philips announced on May 3 that the company will split its lighting division, Philips Lighting, for an initial public offering to sell at least 25% of its shares, and will sell all of its remaining shares in the future. This means that a group of capital bidding for the Philips lighting business will be empty.
On May 16, Philips announced that its lighting business initial public offering (IPO) will raise 694 million -84 million euros (about 785 million - 950 million US dollars). The Philips Lighting Business Plan IPO issues 37.5 million shares at a price of 18.5 euros to 22.5 euros per share, which will bring the business to a value of 2.78 billion to 3.38 billion euros and a debt calculation of 4.5 billion euros, making it the world's largest independent lighting production. Business. On May 27th, Philips Lighting was listed on the Amsterdam Stock Exchange in the Netherlands. In the early trading of the Euronext Amsterdam, Philips Lighting shares rose 8% to 20 euros (22.36 US dollars).
Another giant in the lighting industry, Osram , officially announced in May that the company's general lighting subsidiary Ledvance will be officially split on July 1, 2016, the full name is Ledvance GmbH.
To ensure quality products are available to customers around the world, the company employs approximately 9,000 people and has 17 manufacturing locations and distributors in 50 countries around the world. This lighting business is expected to reach a revenue of approximately 2 billion euros (RMB 14.68 billion) in the 14/15 fiscal year.
Such a favorable starting point will allow Ledvance to become a globally renowned lighting manufacturer, allowing the company to continue to expand its position in the trade and retail channels. The lighting and lighting industry is currently facing an imminent change in other industries, mainly due to the successful breakthrough in LED technology.
Ledvance will prioritize customers' trade and retail sales channels. Legal independence will increase the company's resilience and focus on providing more mobile and quality services. The new company is therefore able to grow rapidly by making rapid and flexible adjustments to market changes. At the same time, new businesses such as smart, network and other products (smart home) and strategic decisions can be implemented more quickly and accurately.
This vision is fully reflected in the new company name "Ledvance": "LED" represents the company's service core, but also emphasizes the importance of LED lighting in this market.
“ADVANCE†symbolizes the company's mission to continuous improvement and continuous development of technology, and to the mission of the speed market. The establishment of the company on a very favorable basis is attributed to the “Osram†brand and the “Sylvania†brand in North America – Ledvance has the right to use these brand names in the next few years – and the channels of the global market. And rich and high quality LED lamps.
Between 2016 and 2017, the company has the largest LED replacement product line ever, with more than 200 new LED lamps, ranging from simple lamps, smart lighting, functional lighting to decorative lighting products.
Ledvance also offers a complete selection of other lighting products, including traditional lighting products. Ledvance is still one of the few lighting manufacturers offering traditional lighting products, from traditional incandescent lamps, halogen lamps, fluorescent tubes to energy-saving bulbs and high-pressure discharge lamps. Therefore, Ledvance will be able to provide the most complete service to meet the various product needs customers need.
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