In recent times, the global lighting community has been closely watching the Frankfurt Lighting Exhibition in Germany. However, industry events are still unfolding rapidly—after all, in this era of transformation, anything can happen.
Alongside companies like Huacan Optoelectronics expanding their LED ventures, Wanrun Technology is making moves with its two "Double A" enterprises, while NVC Lighting plans to sell its domestic lighting manufacturing business to Dehao Runda. Even Philips Lighting, a 125-year-old brand, is considering a rebranding. These developments may seem surprising at first, but behind each move lies a strategic purpose. While we won’t go into details, it’s safe to say that everyone knows what’s going on, even if not everything is made public.
**Philips Lighting: The company will be renamed Signify, and Philips will become a product brand**
On March 16, Philips Lighting announced its plan to change its name from "Philips Lighting" to "Signify." This new name reflects a broader vision of lighting as a smart communication tool that connects people and data. Despite the name change, the company will continue to use the Philips brand for its products, which remain one of the most trusted names in the industry.
Eric Rondolat, the CEO of Philips Lighting, stated, “This is a key step in our transformation journey. The new name clearly expresses our strategic direction and helps us build a stronger corporate identity that unites our 32,000 employees worldwide.â€
Founded in 1891 in Eindhoven, Netherlands, Philips Lighting has long been a leader in lighting innovation, covering traditional, LED, and smart connected lighting. The name change follows an agreement with Royal Philips, which no longer holds a controlling stake in the company. The renaming is expected to be approved by shareholders in May 2018, and the stock ticker will change to "LIGHT."
**NVC Lighting: Intends to sell domestic lighting manufacturing business to Dehao Runda**
On March 14, NVC Lighting (02222.HK) announced 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 share capital of Huizhou NVC—to the two parties.
The exact scope of the assets and final purchase price will be determined after further negotiations and asset evaluation. This move signals a shift in NVC's strategy, focusing more on other areas while divesting its manufacturing operations.
**Wanrun Technology: Holding two "Double A" enterprises, M&A activity continues**
On the same day, Wanrun Technology (002654) announced plans to acquire 51.02% of Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd. and 51% of Nanjing Langhui Optoelectronics Technology Co., Ltd. for up to 209 million yuan and 255 million yuan respectively.
Both companies are top-tier lighting engineering firms with "Double A" qualifications—only 46 such companies exist in China. These qualifications require significant experience and expertise, making them highly valuable in the industry. Wanrun’s acquisition aims to strengthen its position through strategic growth and expansion.
**Huacan Optoelectronics: Over 4 billion fundraising to expand LED industry**
As one of China’s largest LED chip manufacturers, Huacan Optoelectronics has been actively raising capital to fuel its industry expansion. In 2017, the company reported a net profit between 470 million and 534 million yuan, a 76–100% increase compared to the previous year.
Additionally, after a long process, Huacan Optoelectronics successfully acquired MEMSIC, which was approved by the China Securities Regulatory Commission. It also plans to acquire Harmony Optoelectronics for 1.65 billion yuan, gaining access to Meixin Semiconductor, a leading player in MEMS technology used in smartphones, automotive systems, and consumer electronics.
These developments highlight how the global lighting industry is evolving rapidly, driven by innovation, strategic acquisitions, and bold rebranding efforts. As companies adapt to new market demands, the future of lighting looks more connected, intelligent, and dynamic than ever before.
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