Integration is power, and mergers and acquisitions is undoubtedly an effective way of integration of resources. Enterprise cross-border mergers and acquisitions is a fast accumulation of capital, the possession of resources, an important means of market expansion. On the eve of the era of LED lighting, to seize the line to enlarge the LED lighting market through mergers and acquisitions, which has become the consensus of the lighting industry professionals.Market weakness and promote mergers and acquisitions and upgrading2011 LED chip oversupply, the price fell significantly, while the application market has not yet been opened, the LED corporate profits generally lower in the second half, closed down by the LED manufacturers came to market penetration is still continued weakness, not only is China's small and medium-sized LED lighting manufacturers, and even abroad LED lighting brand manufacturers also felt the enormous pressure of the business.The first half of 2012, there will be more news out of the market of LED manufacturers, industry consolidation is inevitable. However, in the LED industry, upstream core technology is still foreign companies control. In the core technology, the huge profits the case of foreign companies controlled LED business development in perpetuity, small-scale distribution of concentration of industry status quo limits the development of enterprises, China LED companies rudderless. Fortunately, LED lighting times around the corner, also contributed to the upstream and downstream enterprises to jointly bypass grab market. In order to expand the competitive market area, and enhance the core competitiveness of enterprises with a capital advantage began to actively seek the integration of resources, in an attempt to integrate industry resources, expand the product line through acquisitions, in order to consolidate and enhance its market position through mergers and acquisitions in the way.Under the environment of this industry, the domestic LED industry M & A war intensified, the intention of the two-way cooperation between enterprises is increasingly obvious, Baotuan development will become a mainstream mode. At this stage, the international chip giant continue to downstream extension or find a package and application partners for strategic cooperation. Traditional lighting brands are actively transferred to the LED industry, from the whole industrial chain of the materials, epitaxial, chip, package, applied to the pipeline, brand integration, in order to have a share. As the LED package, the application of vertical integration of enterprises pay more attention to the double-headed development, on the one hand, seek independent technical research and development, upstream epitaxy, chip expansion; the one hand, using their own sales network, and actively building its own brand and channels.The LED industry has begun to scratch the "The acquisition of the wind"In 2011, the international lighting giant set off an LED "The acquisition of Wind", some of the strength of the enterprises through mergers and acquisitions, combination, vertically integrated industry chain and strengthen its market position. Following last August Depp technology finance the acquisition of the LED lamp factory Pacific, September 23, 2009 Texas Instruments, the formal completion of the acquisition of National Semiconductor, Osram, GE Lighting, CREE, Philips, Japan Endo lighting, Berlin, Germany, the LayTec companies have spread news of the acquisition is intended to obtain technology or to enter the LED market.LED corporate giants look to the future in 2011, and continue through the acquisition, consolidation, expansion, and internal integration, and other means to accelerate the LED lighting layout to give the market confidence in the future market of LED lighting, and also show that LED lighting is another big Times is not far off.Industry consolidation will undoubtedly become the industry trends and the strong stronger and the situation has been fully manifested. Both for technical and for the integration of channels, all in order to meet the imminent era of LED lighting. GE Lighting announced in September last year, the formal completion of the acquisition of Lightech company.Domestic enterprises, the acquisition of foreign companies will be an increasingNVC lighting, solar lighting, really bright lighting, BDO Runda lighting and other various corporate acquisition, China lighting enterprises in overseas mergers and acquisitions have not really new. The industry believes that China is now the second largest economic entity, the state-owned enterprises and private enterprises strength very fast in the world. Acquisition of resources integration is one effective way for enterprises to grow, overseas mergers and acquisitions in recent years and was active in the trend. The data show that in 2011 Chinese enterprises in overseas mergers and acquisitions and 126, accounting for 10.2% of the total number of mergers and acquisitions. The amounts disclosed in 78 cases involving an amount of up to $ 23.428 billion, accounting for 41.5% of the total transactions, the average M & A amount of $ 300,000,000.The industry pointed out that domestic enterprises, the acquisition of foreign-funded enterprises in the lighting industry is very normal. The first lighting companies in China has been the integration of resources, awareness of the development of mergers and acquisitions; two lighting companies in China after years of development, already has very strong economic power, have the ability to achieve foreign acquisitions; the development of LED lighting the need for integration of resources, complementary advantages, alone development would clearly fall into the "exhaustive, and all things to not fine," an awkward position to achieve the integration of the industry is a very good approach to development through the acquisition of such acts. I believe there will be more excellent lighting companies to participate in the acquisition of foreign-funded enterprises.
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