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LED lighting industry mergers and acquisitions tides or the price turning point
LED lights shine into the ordinary people's home to enter the eve of the final battle, the industry began to emerge mergers and acquisitions tide. On March 30, NVC Lighting and Cree signed a strategic cooperation agreement in Shanghai. Ning Yin, executive vice president of NVC Lighting, pointed out that the LED general lighting curtain is about to open, and industry consolidation is imperative. Cooperation to complete cross-industry complementage According to reports, the cooperation between NVC and Career is mainly reflected in lighting application development, technical exchange and cooperation, and promoting market development. Cree is a Nasdaq-listed company offering compound semiconductor materials, epitaxy, chips, packages and LED lighting solutions. According to Tang Guoqing, general manager of Cree China Market, Cree LED has technical advantages in terms of brightness, light efficiency, thermal performance, life and reliability. As the largest energy-saving lamp manufacturer in China, NVC is dominant in commercial lighting. The cooperation between the two parties will form a model for high-end LED lighting products. NVC and Career announced strategic cooperation, apparently want to make up for the technical deficiencies. The industry predicts that by 2015, LED lighting will account for 40%-50% of the entire market. LED is a cross-industry product. For the semiconductor industry and the lighting industry, it faces the problems and opportunities of mutual learning and integration. Industry mergers and acquisitions tides NVC Lighting was listed in Hong Kong last May. Yin Wei said that the funds from the listing will be mainly used for mergers and acquisitions, and the company will better meet the needs of the domestic and international LED lighting market by integrating mergers and acquisitions. He revealed that NVC had also formed a strategic partnership with Taiwan Jingdian. The target companies for their mergers and acquisitions are mainly divided into two categories, one is the company with core technology in the LED field, and the other is the company with certain channel advantages, especially in the mature markets overseas. In fact, since the beginning of this year, M&A strategies have appeared many times in the LED industry. On January 25 this year, Zhen Mingli announced that it had acquired US HCI for US$17 million. In addition, Sunlight Lighting also obtained a 50% stake in Hangzhou Hanguang Lighting for a consideration of 13.5 million yuan and a 30.188% stake in Japan LIREN Company for 1,237,600 yuan. Cost-cutting lighting industry turning point highlights Whether it is for technology or channel integration, it is to meet the LED general lighting era of the arrow. According to industry insiders, according to the current development speed of the LED industry, by the end of this year, the price of LED light source may drop to 1 US dollar per watt, which is only 20%-50% more expensive than energy-saving lamps. According to industry rules, once this spread is reached, the LED lighting market will expand at an unprecedented rate. In China alone, the replacement rate of energy-saving lamps can reach 10% in the short term, while the replacement rate in the European and American markets is expected to reach 50%. In response to the sudden amplification of the LED general lighting market, domestic companies want to accelerate the pace of deployment through cooperation and mergers and acquisitions. According to statistics, there are currently more than 10,000 lighting companies in the Mainland, and the share of the top three companies such as NVC, Philips, and Shunde Huaqiang Benbang is only 2.5%. Losing the LED market is likely to lose seats in the entire lighting market. Yin Wei said: "At present, LED is not our source of profit. We hope to consolidate quality and reduce costs through cooperation and mergers and acquisitions. I believe that with the expansion of the LED market, this piece will become our source of profit after two or three years."