The announcement shows that the company to be acquired is named Suzhou Mengtai Libao Photoelectric Co., Ltd. Suzhou Mengtai is a professional company specializing in the development and production of LED commercial lighting products and engineering products. In August 2012, it was rated as a high-tech enterprise. The company has a development center, production workshop and marketing center, and has obtained patents on more than forty LED lighting products including patents for all-glass straight tubular LED lamps.
Optimistic about patented technology
The acquisition of Foshan Lighting is mainly optimistic about the patent technology of Suzhou Mengtai. The two companies belong to the LED industry. Suzhou Mengtai has a development center, production workshop and marketing center. It has obtained more than 40 patents on LED lighting products including patents for all-glass straight tubular LED lamps. In March 2013, the two companies signed a patent implementation license agreement. Suzhou Mengtai licenses the patent for all-glass straight tubular LED lamps owned by Foshan Lighting. At present, the LED series glass lamp products produced by Foshan Lighting have become One of its fist products in the field of LED lighting.
Foshan Lighting's choice to acquire at this point is also very useful. Due to the problems of production management and insufficient production capacity, Suzhou Mengtai suffered serious losses in 2013 and lacked funds, which led to difficulties in operation. Some shareholders intended to transfer shares.
Suzhou Mengtai has strong R&D and innovation capabilities, and the acquisition of Suzhou Mengtai's equity is conducive to make up for the lack of research and development strength and technical reserves of Foshan Lighting LED lighting.
Improve technical advantage
Foshan Lighting said that after acquiring the equity of Suzhou Mengtai, Foshan Lighting (Suzhou) Research Center will be established as the company's R&D base in the Yangtze River Delta region, attracting technical talents from the Yangtze River Delta region to join the company and strengthen the company's R&D strength in LED lighting. The company will make LED products bigger and stronger in the process of industry reshuffle and market concentration.
Since January 1 this year, the United States has stopped selling 40-watt and 60-watt incandescent lamps. South Korea, Thailand, and the Philippines are also promoting the use of energy-saving lamps instead of incandescent lamps. Starting from October 1 this year, China will also ban the import and sale of ordinary lighting incandescent lamps of 60 watts and above. The arrival of the global LED light source replacement tide opens up the imagination space for the LED lighting market. In terms of Guangdong alone, in 2013, the output value of Guangdong LED reached 281 billion yuan, ranking second in the eight strategic emerging industries in Guangdong Province, the first growth rate.
However, what needs to be seen is that in the LED lighting industry, more than 50% of the core patents are in the hands of several major manufacturers in Japan, the United States and Europe, and the technology monopoly is serious. Compared with these giants, China's LED patent application is clearly at a disadvantage. For Foshan Lighting, after the acquisition of Suzhou Mengtai, the company's patent technology advantages will be improved.
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