Ledvance

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Ledvance GmbH

logo
legal form GmbH
founding July 1, 2016
Seat Garching , Germany
management Lawrence Lin
Number of employees around 8000
sales approx. 1.9 billion euros
Branch Lighting technology
Website www.ledvance.de
Status: 2016

The Ledvance GmbH (proper spelling: LEDVANCE ), headquartered in Garching near Munich, is an international company for light products and networked lighting applications, consisting of a spin-off from Osram GmbH emerged in July 2016th According to the company, it employs around 8,000 people in 120 countries worldwide. Ledvance has been owned by the Chinese lighting company MLS since April 2018.

history

Ledvance headquarters in Garching

In April 2015 it was announced that Osram will spin off its lamp business for general lighting with a good third of the employees. In June 2015, the Osram Licht Supervisory Board approved the spin-off of a lamp division with products such as LED, halogen and energy-saving lamps from Osram GmbH. Ledvance has been a legally independent company since July 1, 2016. Lawrence Lin was named the company's Chief Executive Officer (CEO) in 2018. The brand names Osram and Sylvania (in the USA and Canada) can still be used for its products. In the year of the spin-off, Ledvance generated around 40 percent of the Osram group turnover - the share of the lamp division in Osram group turnover was around two billion euros at the time of the separation. At the end of July 2016, Osram announced that Ledvance would be sold to a Chinese consortium for more than 400 million euros. The Chinese lighting manufacturer MLS and the Chinese financial investors Yiwu and IDG were each to become one third of the new owners. The deal was concluded with economic effect on March 1, 2017, and the final purchase price was around 500 million euros. IDG Capital was the majority owner within the consortium. MLS has been the sole owner of Ledvance since April 2018.

Products

After the spin-off, Ledvance's product portfolio consists of LED lamps , OTC lights (over-the-counter), lighting solutions from the areas of smart home and intelligent living, as well as traditional light sources . The products are sold through electrical wholesalers and retailers as well as on online platforms.

Locations

Locations in Germany are in Berlin and Eichstätt . The subsidiary Radium Lampenwerk is based in Wipperfürth . In 2018, the owner announced that he wanted to close the Augsburg and Berlin locations and cut 1,400 of the 2,200 jobs in Germany. The plant in Augsburg was closed on November 1st. In March 2020, the closure of the plant in Eichstätt with around 360 employees was announced.

Web links

Commons : Ledvance  - collection of images, videos and audio files

Individual evidence

  1. ↑ https://www.b4bschwaben.de/b4b-nachrichten/augsburg_artikel,-lawrence-lin-wird-geschaeftsfuehrer-von-ledvance-_arid,255831.html
  2. ↑ a b About Ledvance. ledvance.de, accessed on March 7, 2017.
  3. ↑ Osram Annual Report 2016 , p. 101.
  4. ↑ Osram presents the name of the lamp business: Ledvance, osram.de, accessed on October 18, 2016.
  5. ↑ a b MLS becomes the sole owner of LEDVANCE. Retrieved April 12, 2018 .
  6. ↑ Osram splits off light bulb business. orf.at, accessed on October 18, 2016.
  7. ↑ Osram supervisory board agrees to split off the bulk business. finanzen.net, accessed on October 18, 2016.
  8. ↑ Lawrence Lin appointed CEO of LEDVANCE. Retrieved November 21, 2018 .
  9. ↑ a b New name of the Osram lamp division: Ledvance. ( Memento from December 7, 2016 in the Internet Archive ) lichtnews.de, accessed on December 7, 2016.
  10. ↑ Ledvance: Osram subsidiary receives its own logo. handelsblatt.de, accessed on July 12, 2016.
  11. ↑ a b Osram sells lamp division to Chinese consortium. heise.de, accessed on October 18, 2016.
  12. ↑ Osram sells lamp business below book value. finance-magazine.com, accessed July 27, 2016
  13. ↑ Osram completes Ledvance sale. osram.de, accessed on April 11, 2017 .
  14. ↑ Chinese consortium completes acquisition of Ledvance. ledvance.com, accessed March 4, 2017.
  15. ↑ Chinese consortium completes takeover of Osram lighting division. Vogel Business Media, accessed April 11, 2017 .
  16. ↑ Osram's lamps become “Ledvance”. n-tv.de, accessed on October 18, 2016.
  17. ↑ Ledvance sells lights through electrical wholesalers. Vogel Business Media, accessed April 11, 2017 .
  18. ↑ Osram: The lamp division will be called Ledvance in future. handelsblatt.de, accessed on July 12, 2016.
  19. ↑ About Ledvance Germany. ledvance.de, accessed on January 17, 2017.
  20. ↑ https://www.wallstreet-online.de/nachricht/10529839-ig-metall-droht-ledvance-streik
  21. ↑ Ledvance closes its factory in Augsburg on November 1st. Accessed April 30, 2020 .
  22. ↑ Ledvance closes the Eichstätt plant with 360 employees. March 9, 2020, accessed April 26, 2020 .