The weather in August is still hot this year. The same hot weather as in the LED industry should belong to the enterprise merger and acquisition. Just this month in August, media reported that there were 5 large-scale integrated mergers and acquisitions, which also indicates that the industry reshuffle has been accelerated. As the current market gradually matures, some large companies hope to accelerate their industrial integration, expand their own strength, and consolidate their position in the industry. In August 2013, Sanan Optoelectronics purchased US Lumens, Hometex purchased Hermes Lighting, Foton Electronics acquired Marion Optoelectronics, Samsung acquired 260 million Euros Novaved Germany, and so on. New Century LED reporter found that this round of acquisitions was mainly based on vertical acquisitions in the upstream and downstream of the industrial chain. For example, Sanan Optoelectronics acquired US Lumens, Hongli Optoelectronics acquired Foda Signals, etc., in order to expand its strength and increase its market share. Because of its own industry status, the acquired companies have also benefited from the benefits of a large tree.
In order to expand the lighting application market, Hongli Optoelectronics increased the capital of Laidiya 35 million in September last year, and spent more than 30 million acquisition of Foda signal. The Korean giant Samsung 260 million euros generous acquisition of Novaled in Germany, is also an international LED leading companies to open up the overseas OLED market, but also can effectively solve the OLED patent war with LG for a long time.
New Century LED reporter found that in the face of the current LED industry investment overheating, overcapacity, prices fell, profit-sharing crisis, which objectively also provides good opportunities for mergers and acquisitions between companies. Through observation, it can be found that large enterprises generally adopt more vertical integration to expand their industrial chain. Small businesses, on the other hand, have opted for horizontal mergers, strengthening their own strengths, increasing their competitiveness, and gradually creating economies of scale. Of course, companies should choose the mode of horizontal mergers and acquisitions or vertical integration from their own development. They can also use the two models in combination with actual needs to gradually complete the integration of resources such as patents, channels, talents, and production capacity, and further enhance their own competition. Advantage. Following the lead to lead everyone to review the August hot mergers and acquisitions news:
Hongli Optoelectronics Acquires Foda Signal Power LED Automotive Lighting
Hongli Optoelectronics recently announced that it acquired 38% of the shares of Guangzhou Foda Signaling with 31.176 million yuan. This acquisition shows that Hongli Optoelectronics will increase investment in the future and expand LED lighting industry. As the gross profit rate of LED car lighting is much higher than that of LED general lighting, Hongli Optoelectronics hopes that LED car lighting can become the company's new profit growth point.
Hongli Optoelectronics originally held a 62% stake in Foda Signals. The 38% stake in the acquisition was held by Dong Jinling, General Manager of Foda Signals, and Liu Xinguo, Deputy General Manager. After the acquisition, Hongli Optoelectronics will hold Foda Signal 100. % equity. The purchase price is calculated based on the 10 times P/E ratio of Foda's 2012 net profit. In 2012, Fuda's net profit was RMB 8,379,800.
According to the Fuda signal executives, Foda's net profit after deducting non-recurring gains and losses from 2013 to 2015 was 11.69 million yuan, 18.7 million yuan and 31.8 million yuan, respectively. According to Deng Shoutie, the manager of Hongli Electronics, the P/E ratio of this acquisition is much lower than the P/E ratio of listed A-LED companies. According to the commitment, Foda’s net profit growth over the next three years is significant, which can significantly increase the profitability of Hongli Optoelectronics. Capability, based on the promised net profit of Fuda Signal in 2013, its net profit reached 25% of Hongli Opto's 2012 net profit. According to the data, Foda Signal LED products are mainly used in the lighting of automobiles, motorcycles and ships. The products are mainly export-oriented. Currently, the products are exported to more than 20 countries including the United Kingdom, France, Germany, and the United States. Deng Shoutie stated that after the completion of the acquisition, Foda Signals will increase cooperation with major foreign manufacturers and increase sales scale; at home, it will enter into the original supporting supply chain through channels, and LED auto lighting will be used as the master of Hongli Optoelectronics. One of the business operations and making it a new profit growth point for the company.
Sanan Optoelectronics Acquires 100% of U.S. Lumens
Sanan Optoelectronic announced on August 23 that its wholly-owned subsidiary, Lightera Corporation, acquired a 100% stake in US-based Lumens, a world-renowned LED leader, for US$22 million (approximately RMB130 million). As of August 21, The transfer formalities have been completed.
According to the data, the United States Lumens is registered in Delaware, USA, and its main business is the development and production of lighting equipment for high-brightness lighting. It has 93 patents worldwide, and its major customers include South Korea's LG, Taiwan's Acer, and Austria's Aude. Fortress, EYE lighting in the United States, Philips in the Netherlands, Martin in Denmark and Wilek in Germany. Sanan Optoelectronics stated that according to the company's strategic development goals and development plans, the acquisition of lumens is to promote the company's international business process and gradually realize the company's LED industry as a whole.
Home Specializes in LED Lighting to Acquire Hermes Lighting
On August 25, 2013, Shenzhen Home Beauty Co., Ltd., a famous domestic fashion home lighting company, issued an announcement stating that it had successfully acquired Zhongshan Hermes Lighting Co., Ltd.
According to the owner of Hermes lighting, the company has been negotiating with the company for a long period of time. In the end, Hermes lighting has a perfect quality management system and an excellent design team. The team's unanimous affirmation. The huge brand influence of the company, a strong B2C marketing system and a perfect after-sales service system also fill the weakness of Hermes in the sales team. The merger of the two companies can be described as a perfect match for the family. Broaden the sales channels of LED lighting.
It is understood that Hermes lighting is mainly known as crystal lamps and American pure copper lamps overseas. The company is headquartered in Guzhen Town, Guangdong, Hermes Lighting flagship store covers an area of ​​more than 10,000 square meters, all products are from the famous Italian design company Felo Meng's famous hands. At present, in the modern home decoration in China, Hermès leads the new fashion of Chinese lighting lighting, becoming more and more families choose luxury and warmth as crystal lamps and American copper lamps as the model for new living room lamps.
Furi Electronics Accelerates the Acquisition of Mai Rui Optoelectronics and Growth
Furi Electronics will soon complete the largest asset acquisition in recent years. According to the latest announcement, the company will hold a general meeting of shareholders on September 2 to discuss the proposed increase and acquisition of 92.8% of Shenzhen Mairay Optoelectronics Co., Ltd. and other proposals. According to public information, Furi Electronics plans to increase the fundraising amount to no more than 278 million yuan, of which 195 million yuan will be used to acquire Mai Rui Optoelectronics of the LED industry, and another 083 million yuan will be used to repay the loan. According to the acquisition plan, compared with the book value of 52.87 million Marue Optoelectronics, the transaction price premium of 195 million yuan was tripled.
Although some investors questioned the company’s ability to operate in the LED industry, Furi staff responded by saying, “The market has been in a relatively depressed state for the past two years, but it is optimistic about its future. On the one hand, the country is leading and the other The aspect is also based on the company's mid- to long-term strategic layout, so it will choose to acquire Mai Rui Optoelectronics." Fujy Electronics Vice President and Executive Secretary Xu Zhengsheng told reporters, “In the field of LED displays, Marion Optronics ranked No. 3 in terms of export volume in China, and overseas orders accounted for more than 50% of its business. Based on the promised 2013 results, the acquisition The P/E ratio is less than 8 times, which is lower than the similar P/E of other listed companies.The promised performance of this acquisition is more conservative than the current profitability forecasted by the existing operating team of Marion Optoelectronics. Retained to continue operations. The acquisition of more mature assets is more immediate than the new construction and expansion."
The acquisition of Mairui Optoelectronics Co., Ltd., together with the increase in fixed income, is for Furi Electronics, it is to make full use of the capital market to optimize the company’s asset structure, that is, to purchase assets at a lower price-earnings ratio to achieve higher price-earnings ratios to raise funds and create capital conditions for further mergers and acquisitions in the future. .
Samsung acquires Novaled in Germany to strengthen OLED technology with 260 million euros
According to foreign media reports, Samsung Group’s Cheil Industries announced on August 9th, 2013 that it will invest 260 million won to acquire a 50.1% stake in Novaled, a leader in OLED materials and technology, while Samsung Electronics Co., Ltd. It will also acquire 40% of Novaled's shares. Since the remaining 9.9% of the shares were acquired by Samsung Venture Capital at the end of September 2011, Novaled will eventually be fully acquired by Samsung Group.
According to the data, Novaled was founded in 2001 in Germany and is a pioneer of OLEDs, providing customized display and lighting solutions to manufacturers. At the same time, it is also committed to research and development. More than 500 patents have been obtained or are being applied. The company achieved sales of 26 million euros in 2012. Samsung plans to use this company as an important component to focus their OLED R&D capabilities.
First Knitwear is the Samsung Group's manufacturer responsible for the development of apparel business and related chemical materials. In April 2013, the company began mass production of electronic transmission layer (ETL) materials for the OLED display of the Samsung Galaxy S4 smartphone. CEO of CHIEL Industries, Jong-WooPark, said: "The significant synergies that this acquisition will bring will promote the research and development of next-generation OLED materials and will play a significant role in improving the market position of Firstwoori as a global leader in electronic materials. "The crucial role." This acquisition will not only give Samsung access to the cutting-edge OLED technology of its next-generation smart phone displays, it will also benefit the company's lighting business and play an important role for Samsung to expand its leadership position in the OLED market.
Novaled CEO Gildas Sorin said: "With the support of investors and public stakeholders, Novaled is expected to become the leader in the OLED world. First Woolen and Novaled are complementary, and the alliance will help both parties to make full use of it. Its strengths bring benefits for the entire OLED industry. According to reports, the purpose of Samsung’s acquisition is to strengthen OLED's R&D capabilities and patent portfolio and gain dominance in the OLED display business.
Weak cables refer to cables used for security communications, electrical equipment, and related weak current transmission applications.
Wire and cable refers to materials used for power, communications, and related transmission purposes. "Wire" and "cable" do not have strict boundaries. Usually, the product with a small number of cores, a small product diameter, and a simple structure is called a wire. A wire without insulation is called a bare wire. Others are called cables. A conductor with a larger cross-sectional area (greater than 6 mm2) is called a large wire. Small (less than or equal to 6 mm2) is called a small wire, and an insulated wire is also called a cloth wire.
Wire and cable include bare wires, electromagnetic wires and insulated wires for electrical appliances, power cables, communication cables and optical cables.
1, the content included in the product name
(1) Product application or size class name
(2) product structure materials or types;
(3) Important or additional features of the product
Basically named in the above order, sometimes to highlight important or additional features, features are written before or before the corresponding structure description.
2, the order of the structure description
The product structure is described in terms of the principle from the inside to the outside: Conductor-->insulation-->inner sheath-->outer sheath.
3, simplified
Some structures describe writing or abbreviations without causing confusion.
Composition
From the inside to outside by the inner conductor, insulation, outer conductor and sheath;
Inner conductor: Since the attenuation is mainly caused by the resistance of the inner conductor, the inner conductor has a great influence on the signal transmission
Insulation: Impact attenuation, resistance, return loss and other properties
Outer conductor: loop conductor, shielding effect
Video signal transmission generally adopts direct modulation technology and takes the form of baseband frequency (about 8MHz bandwidth). The most common transmission medium is Coaxial Cable; coaxial cable is specially designed to transmit video signals, and its frequency loss, image distortion, The amplitude of image attenuation is relatively small, which can well complete the task of transmitting video signals.
Commonly used special SYV75 ohm series coaxial cable; commonly used model is SYV75-5 (its non-relay transmission distance for the video signal is generally 300-500m); when the distance is long, SYV75-7, SYV75-9 must be used Axle cable (In actual engineering, the relayless transmission distance of the thick cable can reach 1km or more)
The communication cable is generally used in an imaging device equipped with an electric pan/tilt head and an electric lens, and a remote control decoder must be installed in the field when in use; a communication transmission cable between the on-site decoder and the video matrix switching host of the control center is generally adopted. 2-core shielded communication cable (RVVP) or category 3 twisted pair UTP, with a cross-sectional area per core of 0.3mm² ~0.5mm²; the basic principle for selecting a communication cable is that the longer the distance, the larger the wire diameter; RS-485 communication regulations The basic communication distance is 1200m, but in the actual project, the RVV2-1.5 sheath line can be used to extend the communication length to over 2000m.
The control cable usually refers to the multi-core cable used to control the PTZ and the electric variable lens; one end of the control cable is connected to the PTZ of the controller or the decoder, and the electric lens controls the terminal, and the other end is directly connected to the PTZ. On the corresponding terminals of the electric lens, the control cable provides DC or AC voltage, and the distance is generally short (sometimes less than 1m). There is basically no interference problem, so no Shielded Cable is required.
Commonly used control cables mostly use 6-core or 10-core cables, such as RVV6-0.2, RVV10-0.12; 6-core cables are connected to the top, bottom, left, right, automatic, and public 6 terminals of PTZ respectively, 10 cores In addition to the six terminals of the pan-tilt head, the cable includes four zooming, focusing, aperture, and common terminals of the electric lens; in the monitoring system, the control cable from the decoder to the pan/tilt head and the lens is short due to the short distance. Generally do not make special requirements; and from the central control room controller to the pan and tilt and electric lens distance is as small as tens of meters, as many as several hundred meters, the control cable needs to have certain requirements, that is, the diameter of the wire should be thick, such as selection RVV10-0.5, RVV10-0.75
Audio Monitoring Cable generally uses 4-core shielded communication cable (RVVP) or Category 3 twisted pair UTP, with a cross-sectional area of 0.5 mm² per core;
The audio signal of the monitor head in the monitoring system is transmitted to the central control room and is a point-to-point wiring method. It is transmitted with high voltage and low current, so an unshielded 2-core cable can be used, such as RVV2-0.5.
RVV2*0.3 (signal line) and RVV4*0.3 (2-core + 2-core power) cables are generally used between the front-end detector and the alarm controller; the two controllers are generally used between the alarm controller and the terminal security center. Signal line
Whether the signal line is shielded or twisted or it is a common sheathed cable, it needs to be determined according to the requirements of various brands of products; the rough specification of the signal line diameter is determined according to the distance and quality of the alarm controller and the center; alarm control The power supply of the device generally uses local power instead of centralized power supply in the control room. The line is short, generally adopting RVV 2×0.5" or above specifications; the perimeter alarm and other public area alarm devices generally use centralized power supply mode, and the line is longer. RVV2*1.0" or above specifications are generally used
Cables used in building intercom systems are mostly cables such as RVV, RVVP, SYV, etc.
Has: transmission of voice, data, video images, while cable requirements also reflected in the quality of voice transmission, data transmission rate, video image transmission quality and speed, etc.
Cables that transmit voice signals and alarm signals mainly use RVV4-8*1.0
Video transmission is based on SYV75-5 cable
Some systems must use RVVP cables in the system when they are afraid of external interference or cannot be grounded.
Direct Push-to-Talk Visual Intercom System Line Standard:
Video terminals, two-way audio and remote control unlocking terminals of all indoor units are connected to the door machine in a bus way, but each call line is directly connected to the door machine alone.
--Video coaxial cable SYV75-5, SYV75-3
- Use a 4-core non-shielded or shielded sheath cable (AVVR4, RVV4, or RVVP4, etc.) for the microphone/speaker/unlock cord
- A 2-core jacket wire (AVVR2, RVV2, etc.) for the power cord
-- 2-wire shielded cable for call lines (RVVP2)
Digital coded push-button video intercom system:
- The main line includes video coaxial cable (SYV75-5, SYV75-3, etc.)
- Power cord (AVVR2, RVV2, etc.)
-- Audio/data control lines (RVVP4, etc.)
- Household Signal Line (RVVP6, etc.)
Low Current Cables,Charter Cable,Spectrum Cable,Coaxial Cable
Jiangsu QiSheng Cable Co., Ltd. , https://www.shuaihe-cable.com