Ledvance
 | |
| Company type | GmbH |
|---|---|
| Industry | Lighting |
| Founded | July 2016 |
| Headquarters | Garching bei München, Germany |
| Products | LED lamps, traditional lamps, standardized luminaires and intelligent, networked solutions[buzzword] in the Smart Home and Smart Building sectors |
| Revenue | approximately 1.4 billion euros (2022)[1] |
Number of employees | around 8,000 (2023) |
| Parent | MLS Co., Ltd. |
| Website | www |
Ledvance GmbH is a German multinational LED lighting and smart home technology company, with headquarters in Garching bei München, Germany. Ledvance specializes in lighting products and networked light applications that evolved from the divestment of Osram Licht AG in July 2016. According to the company's LinkedIn page, Ledvance employs roughly 8,000 employees in over 140 countries.[2] Since April 2018, Ledvance has been owned by Chinese lighting company, MLS.[3]
History[edit]
In April 2015, it was announced that Osram would divest its lamp business for general lighting with just over one-third of its employees.[4] In June 2015, the supervisory board of Osram Licht AG agreed to the divestment of their lamp division with products such as LED lamps, halogen lamps, and compact fluorescent lamps.[4] Since July 1, 2016, Ledvance has operated as a legally independent company. The company is permitted continued use of the brand names Osram and Sylvania in the United States and Canada.[5], and Europe. At the end of July 2016, Osram announced that Ledvance would be sold for more than €400 million to a Chinese consortium. The new owners, each with one-third stake, were expected to be the Chinese light source manufacturer MLS and the Chinese finance investors Yiwu and IDG.[4][6] The sale was 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 investor IDG Capital, LED packaging manufacturer MLS, and Yiwu, was completed on March 3, 2017, with economic effect as of March 1, 2017.[9] Since April 2018, MLS is the sole owner of Ledvance.[3]
Products[edit]
Following the divestment, the product portfolio of Ledvance consists of LED lamps, over-the-counter (OTC) luminaires, lighting products 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[edit]
The company is active in more than 140 countries worldwide.[2]
References[edit]
- ^ "OSRAM Annual Report 2016" (PDF). OSRAM Group. 28 October 2016.
- ^ a b "LEDVANCE | LinkedIn". LEDVANCE. 14 July 2023.
- ^ a b "MLS becomes sole owner of Ledvance". www.ledvance.com. Retrieved 2018-04-12.
- ^ a b c "Osram sells lamps unit to Chinese buyers for more than 400 mln euros". Reuters. 26 July 2016.
- ^ "Osram announces name of lamp business". Osram. January 2016. Archived from the original on 2016-10-03.
- ^ a b "Who Is the Real Acquisitor of Ledvance?". LED inside. 28 July 2016.
- ^ a b "LEDVANCE Acquisition Documents Reviewed by German Federal Ministry of Economic Affairs and Energy". LED inside. 2 November 2016.
- ^ "German Government Puts Chinese Consortium Acquisition of Osram's Ledvance on Hold". LED inside. 28 October 2016.
- ^ "Chinese Consortium Completes Acquisition of LEDVANCE". Wall Street Journal. 3 March 2017.