MLS / Forest Lighting & LEDVANCE Customer Interaction after Signing - Energy Watch News


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 calendar year (subject to regulatory approval by the relevant authorities). While we are starting now a project to define the future joint “go-to-market” setup, please adhere to the following rules until further notice:
• The existing legal structure and reporting lines stay in place.
• The customer interaction does not change – each company and country distributor continue “business as usual”.
• We do not start any cross-selling activities yet.
In summary: Any interaction between the companies shall be treated like a normal supplier-customer relationship. http://forestlighting.com

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