In recent times, the global lighting community has been closely watching the Frankfurt Lighting Exhibition in Germany. However, industry events continue to unfold frequently, reminding us that in the capital-driven era, anything can happen.
Alongside companies like Huacan Optoelectronics expanding their LED ventures, Wanrun Technology, a company with two "Double A" enterprises, is also making strategic moves. NVC Lighting is considering selling its domestic lighting manufacturing business to Dehao Runda, while even the 125-year-old Philips Lighting plans to rebrand itself. These developments may seem surprising at first, but behind each move lies a unique set of motivations and strategies. While we won’t go into detail on every single one, it's clear that the saying “Heaven knows, the earth knows, you know, I know, he knows better†still holds true in this dynamic sector.
**Philips Lighting: The Company Will Be Renamed Signify**
On March 16, Philips Lighting announced its decision to rename the company to **Signify**, marking a significant shift in its branding strategy. The new name reflects a modern understanding of lighting as a smart communication tool that connects people and information. Despite the rebranding, the company will continue to use the well-known Philips brand for its products, which are trusted worldwide.
According to the licensing agreement with Royal Philips, the company’s products will retain the Philips name. Eric Rondolat, the CEO of Philips Lighting, emphasized that the name change is an essential step in the company’s transformation journey. It not only aligns with the company’s strategic vision but also helps to unify its global workforce of over 32,000 employees. The stock ticker for the new company will be “LIGHT,†and the renaming process is expected to be finalized in May 2018 after a vote at the annual general meeting.
Founded in 1891 in Eindhoven, Netherlands, by Frederick and Gerald Philips, the company has played a pivotal role in shaping the lighting industry for over a century. From traditional lighting to LED and smart connected solutions, Philips Lighting has consistently led innovation and built one of the world’s largest intelligent lighting networks.
**NVC Lighting: Plans to Sell Domestic Manufacturing Business to Dehao Runda**
On March 14, 2018, NVC Lighting (02222.HK) announced that it had entered into a non-binding cooperation framework agreement with Fang Dehao Runda and Wang Donglei. The company intends to sell its domestic lighting manufacturing business, including the entire shareholding of Huizhou NVC, to Dehao Runda and Wang Donglei.
The exact scope of the assets involved is still under negotiation, and the purchase price will be determined based on an independent assessment conducted by a Hong Kong-based auditor or appraiser. This move is seen as part of NVC Lighting’s broader strategy to streamline operations and focus on other core areas of its business.
**Wanrun Technology: Expanding Through Mergers and Acquisitions**
On the same day, Wanrun Technology (002654) revealed its plan to acquire 51.02% equity in Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd. and 51% in Nanjing Langhui Optoelectronics Technology Co., Ltd. The total investment is expected to be up to 209 million yuan and 255 million yuan respectively.
Both target companies are highly regarded in the lighting engineering sector, holding the prestigious “Double A†qualifications—only 46 such companies exist in China. These qualifications require extensive experience and a strong talent pool, often taking over five years to achieve. Wanrun’s acquisition strategy was initiated mid-last year, with several potential targets considered before finalizing the deal with high-quality firms in South and Central China.
**Huacan Optoelectronics: Over 4 Billion Yuan Fundraising for LED Expansion**
As one of China’s top LED chip manufacturers, Huacan Optoelectronics has been actively raising capital to expand its industry presence. In 2017, the company reported a net profit forecast ranging from 470 million to 534 million yuan, showing a significant increase compared to previous years.
Another key development was the successful approval of the acquisition of MEMSIC by the China Securities Regulatory Commission. Additionally, the company plans to acquire Harmony Optoelectronics for 1.65 billion yuan, which owns 100% equity in Meixin Semiconductor. Meixin specializes in MEMS technology, producing accelerometers and magnetic sensors used in smartphones, consumer electronics, and automotive safety systems.
These ongoing developments highlight the rapid evolution and intense competition within the global lighting and LED industry. As companies adapt and restructure, the future of lighting looks brighter than ever.
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