The world famous LED Lights manufacturing enterprise – Germany Osram Company has accepted the deal of selling LEDVANCE in the price of over 400 million Euro (about 3 billion RMB) to a Chinese consortium participated by Yiwu led high bay enterprises. LEDVANCE used to be a general lighting department in Osram.
According to information, the news that Chinese consortium has purchased LEDVANCE was first published by the world famous media Reuters on July 26th.
Headquartered in Munich of German, Osram is a world leading lighting enterprise. It was separated from the Siemens system since 2013. The products from Osram are widely used in fields like public places, offices, factories, family and automobile lighting.
Starting from this year, Yiwu industrial park has devoted more effort on attracting investment. It is heading toward the goal of provincial new and high-tech industrial park basing on important high quality projects.
The next move for the industrial park is to build a scientific town specialized in led lamps chips. Hopefully, it will become the domesticLED Lighting industry center with an annual production value of more than 100 billion.