On March 31, GO Scale Capital (a joint venture between Jinshajiang Venture Capital and Oak Investment Partners) took the lead in acquiring a 80.1% stake in Lumileds, a subsidiary of Royal Philips (hereinafter referred to as "Philips").
The $3.3 billion take-over Philips Lumileds (including the LED and automotive lighting division), the High-tech Research Institute LED Research Institute (GGII) believes that the Jinsha River is the biggest beneficiary, mainly because:
First, Philips Lumileds will be separated from the group and will surely go to the market in the same way as Osram. At present, the company's revenue is nearly 2 billion US dollars, and the net profit is estimated to be about 100 million US dollars. After the company's independence, the company is expected to strengthen its ability to manage or respond to market changes, and its profits have room for further exploration. . Therefore, based on the current valuation of China's domestic LED listed companies, the value of its imagination is huge after listing.
Second, Philips Lumileds has a wealth of LED patent technology, after the company has few patents in China. However, after the acquisition, the company has a large possibility of authorizing its patents in China, and the license fee income will reach hundreds of millions of dollars.
Third, Philips Lumileds is one of the world's most powerful LED automotive lighting companies. GGII predicts that the global LED automotive lighting industry market is expected to exceed US$27 billion in 2020. It is expected that the market share of Philips Lumileds will reach around 10%. The income of this item alone is expected to exceed $2.7 billion.
The $3.3 billion take-over Philips Lumileds (including the LED and automotive lighting division), the High-tech Research Institute LED Research Institute (GGII) believes that the Jinsha River is the biggest beneficiary, mainly because:
First, Philips Lumileds will be separated from the group and will surely go to the market in the same way as Osram. At present, the company's revenue is nearly 2 billion US dollars, and the net profit is estimated to be about 100 million US dollars. After the company's independence, the company is expected to strengthen its ability to manage or respond to market changes, and its profits have room for further exploration. . Therefore, based on the current valuation of China's domestic LED listed companies, the value of its imagination is huge after listing.
Second, Philips Lumileds has a wealth of LED patent technology, after the company has few patents in China. However, after the acquisition, the company has a large possibility of authorizing its patents in China, and the license fee income will reach hundreds of millions of dollars.
Third, Philips Lumileds is one of the world's most powerful LED automotive lighting companies. GGII predicts that the global LED automotive lighting industry market is expected to exceed US$27 billion in 2020. It is expected that the market share of Philips Lumileds will reach around 10%. The income of this item alone is expected to exceed $2.7 billion.
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