Osram's Sale of Ledvance Anticipated to Receive Green Light from German Government by 2Q17 - Energy Watch News


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 the completed transaction. The terms of the acquisition requires MLS to prioritize the procurement of LED chips from Osram’s newly constructed LED chip fab in Malaysia, moreover, the German lighting company is to receive additional payments from licensing trademark rights for a period of 10-years. Based on the agreement with Osram, Ledvance will continue using Osram and Sylvania’s brand names at the product level, while intellectual property rights will be clearly separated. http://www.ledinside.com/

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