Feile Audio acquired two overseas lighting companies for more than 36 million euros
December 06 14:05:01, 2019
Feile Audio announced on the evening of May 16 that the company intends to acquire Feilo Malta held by the related party Havells HoldinGS Limited through Inesa UK Limited, a wholly-owned subsidiary of Shanghai Feile Investment Co., Ltd., a wholly-owned subsidiary, for 34.5 million euros. Limited (FML) 20% equity; the company intends to acquire Thai Lighting for 1.4 million euros through its wholly-owned subsidiary Feilo Sylvania Asia Pacific Limited, Flowil International Lighting (Holding) BV and Feilo Sylvania Europe Limited Asset Company Limited, Havells International Ltd., natural person Mr. Poomthep Malakul Na Ayudhaya holds 100% of the shares of Havells Sylvania (Thailand) Limited (hereinafter referred to as the Thai company). According to the announcement, Feilo Malta Limited, the subject of the transaction, is an 80%-owned company owned by Inesa UK limited, a wholly-owned subsidiary of Shanghai Feile Investment Co., Ltd., a wholly-owned subsidiary of the company. HHL holds 20% of its equity. It is mainly engaged in the design, manufacture and distribution of lighting products (including mold parts, bulbs and lighting products) through its 52 subsidiaries. The Thai company is principally engaged in the design, manufacture and distribution of lighting products in Thailand, including mold parts, light bulbs and lighting products. The announcement said that the acquisition of the remaining 20% ​​stake in FML will help to improve the competitiveness and brand influence of Feile Audio in the global lighting market, further expand the market share of Feile Audio and effectively improve its operating performance. According to industry analysts, Feile Audio is a state-owned large-scale lighting industry listed company. In recent years, it has been focusing on the development direction of the smart lighting industry, and is committed to transforming from a traditional manufacturing enterprise to a modern service-oriented manufacturing enterprise that provides integrated lighting solutions. The company's domestic and overseas mergers and acquisitions as a breakthrough in transformation and upgrading, such as the completion of the acquisition of 100% equity of Shenan Group and the acquisition of Xiwannian Group's equity, the company completed the extension from the general lighting field to the engineering lighting field, and The listed company has obtained the international century brand and sales channels in 48 countries. As a result, the comprehensive solution capabilities of the lighting application industry of listed companies have been continuously improved. With the international lighting giant GE withdrawing from the entire Southeast Asian market, international lighting giants such as Philips are actively occupying GE's business space in Southeast Asia through substantial price cuts. As an important market in Southeast Asia, Thailand has a stable domestic political situation. At the same time, the company has a stable sales channel network and brand trust in Thailand. Therefore, the acquisition of Thai companies will lay a solid foundation for the development of listed companies in Southeast Asia, enhance the market share and influence of listed companies in Southeast Asia, and thus promote the further development of listed companies.
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