ATLANTA—Forest Lighting, the USA division of LED manufacturer MLS of China, says the MLS Board of Directors has approved the company’s intent to bid to acquire the assets of Osram Licht AG, of Munich, Germany. MLS joins several other companies who have announced their intent to consider a purchase of Osram. China’s Shanghai Feilo Acoustics made a non-binding offer in July.
Back in June, OSRAM Licht AG approved the “carve-out” of the general lighting lamps business, to have the business operate as an independent entity.
Osram was spun off by Siemens in 2013, and is currently traded on the Frankfurt and Munich Stock Exchanges. Annual revenue is approximately EUR5 billion and it employs 34,000 people around the world. Osram assets include the U.S.-based Osram Sylvania.
MLS annual revenue is approximately $2 billion, and is traded on the Shenzhen Stock Exchange. In September, the company announced it had purchased an 11% stake in Kaistar Lighting, which owns Bridgelux.
Tagged with China, LED, lighting, Osram, Osram Sylvania, SYLVANIA, tED