General Lighting Maker LEDVANCE Plans Drastic Cuts

LEDVANCE GmbH of Germany is continuing the process of moving the company away from the production of conventional lighting sources to LEDs. The company contends that LED solutions are being adopted at a much faster rate than expected. For this

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LEDVANCE Invests in U.S. Manufacturing

LEDVANCE is upgrading its St. Marys, PA and Versailles, KY factories. The lighting leader is celebrating this announcement at its St. Marys factory today with Walmart, which has made a 10-year commitment to buy an additional $250 billion in products

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LED Filament Lamp Market Demand Likely to Hit 300 Million Units in 2017

According to a report from LEDinside, stage lighting and filament lamp market grows significantly due to good market demand. In 2016, global LED filament lamp market demand was 150 million units. In 2017, the market demand is likely to hit

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LEDvance Sees Immense Potential in China & Asia-Pacific Lighting Markets

LEDvance, a global lighting provider based in Germany, is making all efforts to penetrate the China market with its digital and intelligent LED lighting products and lighting solutions. China the single biggest lighting market globally, and the entire Asia-Pacific region

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LEDVANCE Commits to the Clean Energy Ministerial’s Global Lighting Challenge

to sell 2.5 billion LED lamps by 2023. The Clean Energy Ministerial is a forum of countries working together to promote the global transition towards clean energy generation and consumption. The Global Lighting Challenge, launched in the winter of 2015,

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Acquisition Synergies Expected to Help MLS and LEDVANCE Shine Brighter

Due to a major asset restructuring, from July 18, 2016, shares trade of MLS, China’s leading LED packaging manufacturer, remained suspended until May 2, 2017. MLS announced it would spend up to RMB 4 billion (around US$580 million) to acquire

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Lighting Science Announces Transformative Joint Venture with Chinese Lighting Company MLS

This move enables MLS to further strengthen its multi-channel strategy as Lighting Science private labels products at Home Depot and other retailers and broaden their product offering to offset the LEDVANCE and Forest Lighting portfolios. The joint venture will operate

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MLS to Have Full Control of Ledvance

The largest China-based LED packaging service provider MLS will spend up to $580 million acquiring the whole ownership of Guangdong Mingxin Optoelectronic, which holds a 100% stake in Ledvance, originally a lighting business unit of Osram. MLS said the acquisition

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Osram’s Sale of Ledvance Anticipated to Receive Green Light from German Government by 2Q17

Last July, IDG and its lighting partner MLS proposed to acquire LEDVANCE for US $439.58 million. Yiwu State-owned Assets Operation Center and MLS will each hold a 36% stake and IDG Capital Partners will own 28% stake in LEDVANCE following

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Forest Lighting Parent Company Has Signed an Agreement to Acquire Sylvania Brand Name as Part of Ledvance Acquisition

MLS, parent company of Atlanta-based Forest Lighting USA, has announced it is part of a consortium that plans to acquire Osram’s Ledvance lighting business, which includes the Sylvania brand name for the general lighting market. MLS intends to maintain a

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MLS / Forest Lighting & LEDVANCE Customer Interaction after Signing

As announced last week, the Chinese consortium consisting of the Chinese lighting company MLS, the strategic investor IDG, and the financial investor Yiwu signed to acquire LEDVANCE. We expect the official Closing of this deal by latest beginning of next

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Osram Sells Lighting Business

In its meeting on Tuesday, July 26, the Supervisory Board of Osram approved the sale of the general lighting lamps business. The buyer of the business now known as Ledvance, is a Chinese consortium consisting of the strategic investor IDG

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Osram Rebrands Lighting Business

German lighting giant Osram announced that it has dubbed its for-sale lamps and general lighting unit with a new moniker: LEDVANCE. Actually, this is more of a business story: and business-wise, the lighting business will be separated by 1st April

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