LED lighting integration, mergers and acquisitions, tide, strategic intentions, diversification

Since 2014, with the rapid increase of LED lighting demand, the LED industry has also ushered in a peak period of development. Due to the changes in the market pattern and the expectation of market prosperity brought about by the explosive growth of the LED lighting market, in order to seize more market share, enterprises in the upper, middle and lower reaches are increasingly competitive. In order to cope with the competition and consolidate the existing market position, mergers and acquisitions, as one of the convenient and effective roads, have been favored by various enterprises. CSAResearch pointed out that compared with previous years, the current integration of mergers and acquisitions between enterprises is more frequent, strategic intentions are more diversified, and the integration direction is also changed from the strong to the weak to the strong. Since the beginning of this year, mergers and acquisitions in the LED industry have occurred frequently, and the battle for the entire industrial chain has become increasingly fierce, and the industry integration drama has gradually reached a climax. In the first half of 2014, there were 11 important mergers and acquisitions in the semiconductor lighting industry, of which the total amount of disclosed transactions exceeded 3. 5 billion yuan. The vast majority of transaction results were aimed at obtaining a controlling stake, in addition to extending the industrial chain to achieve diversified development, the purpose of mergers and acquisitions is to expand the strength and expand the scale from the perspective of channels, brands and production capacity.