MLS Becomes Sole Owner of LEDVANCE

LEDVANCE GmbH is now 100 percent owned by the leading Chinese LED lighting company MLS. MLS has taken over the full ownership of LEDVANCE by means of a share deal with the strategic investor IDG Capital and the financial investor

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Siemens Exits Lighting with $1.4 Billion Sale

Perhaps in a sign of continued consolidation, Siemens has also withdrawn from businesses making phones, hearing aids and ovens. The Munich-based company completed the sale of its remaining stake in light manufacturer Osram Licht AG, raising about 1.2 billion euros

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