LED lighting takes turns to stage mergers and acquisitions

As more and more enterprises go public, LED enterprises accustomed to endogenous growth begin to have a strong impulse to expand in order to seek economies of scale. Since the beginning of this year, the M & A boom in the LED industry has gradually developed in depth. According to CSAResearch statistics, 2014 1- In June, LED lighting enterprises in mainland China completed 11 mergers and acquisitions, with a total transaction amount of about 3. 5 billion yuan, with an average capital scale of about 0. 3 billion yuan per case. With the frequent occurrence of integration events, the industry is very lively. It can be said that in the special period of the card position, LED companies are not on the way to acquire others or be acquired by others! According to CSAResearch's analysis, most of the recent transactions are 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 consider more from channels, brands and production capacity, strengthen strength and expand scale. With the deepening of mergers and acquisitions, LED lighting enterprises will gradually be divided into levels and echelons, and their own mergers and acquisitions integration capabilities will be officially put on the agenda! The key words of mergers and acquisitions, mergers and acquisitions or mergers and acquisitions in the first half of 2014. The LED industry's M & A drama is getting more and more fierce. Tsinghua Tongfang's 0. 7 billion yuan M & A is really bright, Jiawei shares 1. On the acquisition of 2. 2 billion yuan, Hongli Optoelectronics 1. 0. 8 billion yuan acquisition of smade, Changfang lighting 5. 2. 8 billion yuan holding Kang Mingsheng, Feile Audio 18. It is undeniable that the merger and acquisition of shen'an investment with 0. 5 billion yuan will be carried out no matter in which industry or at what time. In the LED industry where small and medium-sized enterprises gather, there is no doubt that mergers and acquisitions are the general trend. Many large enterprises expect to expand their strength through mergers and acquisitions and stabilize their leading positions. SMEs expect to be preserved by mergers and acquisitions. But who will acquire and who will be acquired will still touch everyone's sensitive nerves. After all, this may affect the future pattern of the industry, especially those mergers and acquisitions between large enterprises. Just when everyone is sighing that there are a lot of big things in the industry. At the end of June, the LED industry once again broke the news of heavy mergers and acquisitions. Jingyuan's merger and acquisition of the round, which can be said to have put a lot of color on the merger and integration events of the LED industry in the first half of this year. With the merger and reorganization between the two leading chip manufacturers in Taiwan, the trend of strong mergers and acquisitions is becoming more and more obvious. Will the industry pattern change dramatically due to the marriage between the big ones? An industry senior securities analyst said in an interview with reporters that in the traditional lighting era, the market share of any enterprise is relatively low, the market share of enterprises that do better is only 1 ~ 2, but there will be great changes in the LED lighting era. The electronic product attribute of LED lighting determines that if an enterprise wants to become bigger and stronger, it must have advantages in procurement, manufacturing, channels and other aspects. On the other hand, it also means that there are more and more actual barriers in front of the enterprise. The securities analyst said that the attributes of the electronics industry forced everyone to act, clear the barriers, and find a suitable object to make up their own shortcomings. In the analyst's view, at present, the entire lighting industry has both manufacturing advantages and channel advantages, only Opal and Buddha, so everyone is looking for a suitable enterprise to make up their own shortcomings. Tang Guoqing, general manager of Samsung LED China, also said that there has not been a 10 billion yuan enterprise in the lighting industry so far. With the emergence of LED lighting, there will definitely be more than 10 billion yuan enterprises in the large circulation field, the strong can do stronger, this is just around the corner. Lighting will have certain similarities in the large circulation field and the home appliance industry, and there will definitely be an oligarch pattern. Tang Guoqing said that only if the strong are stronger, Chinese companies can have a place in the world. Indeed, this year, M & A integration events have occurred between the strong and the strong. Only in this way can we become stronger and bigger while forming stronger complementary advantages. The above analysts said that this trend is already obvious in the upstream, and it will be more obvious in the downstream application in the past two years. With the strengthening of cooperation between the strong and the strong, the living space left to small and medium-sized enterprises will become smaller and smaller. Listed companies are the main players in mergers and acquisitions. Careful analysis, in the first half of this year, the main enterprises with mergers and acquisitions such as Tsinghua Tongfang, Guangri, Foshan Lighting, Jiawei, Hongli Optoelectronics, Changfang lighting, Zhongjing electronics, Lehman Optoelectronics, Jingyuan Optoelectronics, Feile Audio, maoshuo power supply, etc. all enterprises are listed companies.