MLS Becomes Sole Owner of LEDVANCE - Energy Watch News


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 Yiwu. As part of the deal, IDG Capital and Yiwu will become shareholders of MLS via a joint investment. The change in ownership has no impact on LEDVANCE’s legal form as a German GmbH. The company will continue to be an entity under the principles of German codetermination with its global headquarters to remain in Garching near Munich. http://www.ledvance.com

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