LEDVANCE at a glance
LEDVANCE is a world leader in innovative lighting products as well as intelligent and connected lighting solutions (Smart Home). The company is an offspring of OSRAM, combining traditional general illumination with modern, ground-breaking lighting technologies.
LEDVANCE is built on trusted, long-standing customer relationships and a powerful distribution network offering excellent reach and market access around the globe. Based on our in-depth understanding of the general illumination market, trending technologies and changing needs, we support the specific and individual demands of both direct and indirect customers.
The company employs about 9,000 people, is active in more than 120 countries and generated revenue of around €2 billion in the 2014/15 fiscal year. At all of its locations around the world, LEDVANCE is committed to acting responsibly towards its customers, employees, business partners, society and the environment.
On March 3rd 2017, LEDVANCE has been sold to a Chinese consortium consisting of the investor IDG Capital Partners (IDG), the Chinese lighting company MLS Co., Ltd. (MLS) and the financial investor Yiwu State-Owned Assets Operation Center (Yiwu). Together the involved companies intend to create a global leader in the lighting industry. LEDVANCE and MLS – the strategic partner within the consortium - complement each other very well, both geographically and in terms of product portfolio. Through the transaction, both will benefit from a significantly larger sales and distribution network, as well as sourcing synergies, laying the foundation for co-operative future growth.
Strategic decision: lamps business under one roof
Until now, OSRAM was essentially home to two different core business models. It was keen to advance both models by focusing them more clearly. Which is why OSRAM split its business into two distinct entities.
- OSRAM = tailor-made, innovative lighting technologies and lighting solutions.
- LEDVANCE = lamps, smart home products and luminaires for professionals and consumers.
LEDVANCE is faster, more agile and more flexible as a stand-alone company and brand. Building on a trusted, proven heritage, our sharp, distinctive and unique profile will enable us to achieve our full potential moving forward, while still operating independently.