LEDVANCE

LEDVANCE GmbH
GmbH
Industry Lighting
Founded July 2016
Headquarters Garching bei München, Germany
Key people

Dr. Jacob C. Tarn, Chief Executive Officer[1]

Tim Yun Chen, Chairman of the Supervisory Board
Products LED lamps, traditional lamps, standardized luminaires and intelligent, networked solutions in the Smart Home and Smart Building sectors
Revenue approximately 1.9 billion euros (2016)[2]
Number of employees
 around 9,000 (2016)[3]
Website www.ledvance.com

LEDVANCE GmbH with headquarters in Garching bei München, Germany is an international company for lighting products and networked light applications that evolved from the divestment of OSRAM Licht AG in July 2016. According to its own information the company employs around 9,000 people in 120 countries.[3] Since April 2018, LEDVANCE is owned by Chinese lighting company MLS CO., LTD. (MLS).[4]

History

Ledvance Headquarter in Garching

In April 2015, it was announced that Osram would divest its lamp business for general lighting with just over one third of its employees.[5] In June 2015 the supervisory board of Osram Licht AG agreed to the divestment of its lamp division with products such as LED lamps, halogen lamps and compact fluorescent lamps.[5] Since 1 July 2016, LEDVANCE has operated as a legally independent company under the management of CEO Jes Munk Hansen. The company is permitted continued use of the brand names OSRAM and SYLVANIA (in the United States and Canada) for its products.[1] At the end of July 2016, Osram announced that Ledvance would be sold for more than 400 million euros to a Chinese consortium. The new owners with one third each were expected to be the Chinese light source manufacturer MLS and the Chinese finance investors Yiwu and IDG.[5][6] The sale was being assessed by the regulatory authorities.[7] The conclusion of the transaction was expected during the fiscal year 2017 pending regulatory approval.[8] The sale of LEDVANCE by OSRAM to the Chinese investment consortium, consisting of the investor IDG Capital, the LED packaging manufacturer MLS CO., LTD. and Yiwu, was successfully completed effective, March 3, 2017 and with economic effect as of March 1, 2017.[9] Since April 2018, the Chinese LED lighting company MLS is the sole owner of LEDVANCE.[4]

Products

Following divestment, the product portfolio of Ledvance consists of LED lamps, over-the-counter (OTC) luminaires, lighting solutions for the Smart Home and Smart Building sectors and traditional lamps.[6][7] The products are distributed via wholesale and retail as well as online platforms.

Locations

The company is active in more than 120 countries worldwide.[3]

References

  1. 1 2 "Osram announces name of lamp business". Osram. January 2016.
  2. ↑ "OSRAM Annual Report 2016" (PDF). OSRAM Group. 28 October 2016.
  3. 1 2 3 "About LEDVANCE". LEDVANCE. 8 December 2016.
  4. 1 2 "MLS becomes sole owner of LEDVANCE". www.ledvance.com. Retrieved 2018-04-12.
  5. 1 2 3 "Osram sells lamps unit to Chinese buyers for more than 400 mln euros". Daily Mail. 26 July 2016.
  6. 1 2 "Who Is the Real Acquisitor of Ledvance?". LED inside. 28 July 2016.
  7. 1 2 "LEDVANCE Acquisition Documents Reviewed by German Federal Ministry of Economic Affairs and Energy". LED inside. 2 November 2016.
  8. ↑ "German Government Puts Chinese Consortium Acquisition of Osram's LEDVANCE on Hold". LED inside. 28 October 2016.
  9. ↑ "Chinese Consortium Completes Acquisition of LEDVANCE". Wall Street Journal. 3 March 2017.
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