Ledvance

Ledvance GmbH
Company typeGmbH
IndustryLighting
FoundedJuly 2016
HeadquartersGarching bei München, Germany
Key people
Qinghuan Sun (Managing Director)[1]
ProductsLED lamps, traditional lamps, standardized luminaires and intelligent, networked technologies in the Smart Home and Smart Building sectors
Revenue€1.35 billion (2023)[2]
Number of employees
2,685 (2023)[2]
ParentMLS Co., Ltd.
Websiteledvance.com

Ledvance GmbH, headquartered in Garching bei München, Germany, is a general lighting and smart home technology company. It was established in 2016 as a spin-off from Osram Licht AG. Since April 2018, Ledvance has been wholly owned by Chinese lighting company MLS.[3]

The company generated revenue of €1.35 billion in 2023 and is active in over 140 countries.[2]

History

Ledvance Headquarters in Garching, Germany

In April 2015, it was announced that Osram would divest its general lighting lamp business, which accounted for just over one-third of its workforce. In June 2015, the supervisory board of Osram Licht AG agreed to the divestment of their lamp division with products such as LED lamps, halogen lamps, and compact fluorescent lamps.[4][5] This divested division has been operating as a legally independent company under the name Ledvance since April 2016. The company is permitted continued use of the brand names Sylvania throughout the United States and Canada,[6] and Osram in Europe.[7]

At the end of July 2016, Osram announced that Ledvance would be sold for more than €500 million[8] to a Chinese consortium consisting of investor IDG Capital, LED packaging manufacturer MLS, and Yiwu. The sale was completed on 3 March 2017, with economic effect as of 1 March 2017.[9][10][11] Due to the takeover, MLS gained distribution networks in Europe and the United States.[12][13] Since April 2018, MLS has been the sole owner of Ledvance.[3]

In the course of the takeover and the subsequent reorganization, some former Osram sites were closed and Ledvance shifted its operations and distribution strategy.[14][15][16]

In 2023, Ledvance opened a training facility in Westfield, Massachusetts.[17] In September 2024, Ledvance and Osram announced that they would extend their brand licensing partnership for general lighting lamps for the next decade.[18]

Products

Ledvance is a leading manufacturer and distributor of lamps and luminaires, offering various products for both Smart Home and Smart Building sectors.[10][19][20] The products are distributed through channels including wholesale, retail, and online platforms.[2]

Their products are sold under the Ledvance, Bellalux, Osram, and Sylvania brand names.[7][21]

Since 2024, the company has also been marketing products under the name Ledvance Renewables, consisting of photovoltaic modules, inverters, and battery energy storage systems.[22][23]

Company structure

Ledvance is owned by Chinese lighting enterprise MLS Co., LTD. Ledvance has over 50 subsidiaries and forms a subgroup within the MLS group of companies. In 2023, Ledvance generated revenues of €1.35 billion.[2] The company generates a large part of its revenue from the sale of luminaires, and it is regarded as the second-largest company in the global lighting market.[24][2]

The company is headquartered in Garching bei München, Germany, with subsidiaries and offices in over 50 countries and operations in more than 140 countries worldwide.[2][25] The regional organizational structure is divided into three main areas: Western Europe, Emerging Markets (Asia/Pacific, Middle East and Africa, Eastern Europe and Latin America), and United States and Canada (USC).[2] The USC region is headquartered in Wilmington, Massachusetts.[26]

Awards (Selection)

  • 2021: German Innovation Award for the Lux at Home floor lamp and the Lux-O-Meter-App.[27]
  • 2021: Eight Adex Platinum Awards and Adex Award for Design Excellence by Design Journal for the Sylvania UltraLED Ultrasonic Stairwell Fixture in the category Best of 2021 Product.[28]
  • 2023: Silver medal in the Ecovadis Sustainability Ranking.[29]
  • 2024: German Innovation Award for the Everloop Linear Indiviled, in the category Excellence in Business to Business: Lighting Solutions.[30]
  • 2024: Best Retrofit Project at the Energy Managers Canada Awards for lighting retrofit solutions at the Metro Toronto Convention Centre.[31]

References

  1. ^ "Ledvance GmbH". North Data (in German). Retrieved 2024-10-16.
  2. ^ a b c d e f g h "Jahres- und Konzernabschluss zum Geschäftsjahr vom 01.01.2023 bis zum 31.12.2023" [Annual Report 2023]. Unternehmensregister. 2025-01-07.
  3. ^ a b Chen, Yining (2018-06-21). "Ledvance Brings Together Strengths of West and East". LED Inside. Retrieved 2024-10-16.
  4. ^ "Aus Osram-Sparte wird Ledvance". Münchner Merkur (in German). 2016-01-16.
  5. ^ "Neuer Name für Lampen". Süddeutsche Zeitung (in German). 2016-01-16.
  6. ^ "Osram announces name of lamp business". Osram. January 2016. Archived from the original on 2016-10-03.
  7. ^ a b McLarney, Michael (2024-09-06). "Osram renews licensing deal with Ledvance". Hardlines. Retrieved 2024-10-16.
  8. ^ "Osram verkauft Ledvance an China". Börsen-Zeitung (in German). 2017-03-04. p. 7.
  9. ^ "Chinese Consortium Completes Acquisition of Ledvance". The Wall Street Journal. 2017-03-03. Retrieved 2024-10-16.
  10. ^ a b "Who Is the Real Acquisitor of Ledvance?". LED Inside. 2016-07-28. Retrieved 2024-10-16.
  11. ^ Halper, Mark (2017-03-03). "Osram completes Ledvance sale to Chinese consortium for €500 million". LEDs Magazine. Retrieved 2024-10-16.
  12. ^ Lin, Judy (2016-07-27). "MLS to Implement Dual Brand Strategy after Chinese Consortium's Acquisition of Ledvance". LED Inside. Retrieved 2024-10-16.
  13. ^ Köhn, Rüdiger (2017-12-29). "Was haben die Chinesen mit Krauss Maffei vor?". Frankfurter Allgemeine Zeitung (in German). p. 24.
  14. ^ Leggett, Whitney (2016-12-01). "Osram Sylvania closing Winchester factory". Winchester Sun. Retrieved 2024-10-16.
  15. ^ "Ledvance-Werk in Gefahr". Münchner Merkur (in German). 2020-03-06.
  16. ^ Magenheim-Hörmann, Thomas; Prem, Martin (2017-11-14). "Kahlschlag bei Ledvance: 1300 Stellen weg". Münchner Merkur (in German). p. 7.
  17. ^ Redd, Edward (2023-08-27). "Ledvance opens training facility in Westfield". Current. Retrieved 2024-10-16.
  18. ^ "Ledvance und Osram setzen Markenpartnerschaft langfristig fort". Baumarktmanager (in German). 2024-09-10. Retrieved 2024-10-16.
  19. ^ "Ledvance Acquisition Documents Reviewed by German Federal Ministry of Economic Affairs and Energy". LED Inside. 2016-11-01. Retrieved 2024-10-16.
  20. ^ "Ledvance announces LED lamps with natural light, CEO Lin keynotes". LEDs Magazine. 2020-02-13. Retrieved 2024-10-16.
  21. ^ "About Ledvance". Ledvance. Retrieved 2024-10-16.
  22. ^ "Ledvance Renewables auf der Light + Building 2024". Highlight Web (in German). 2024-02-16. Retrieved 2024-10-16.
  23. ^ "Ledvance präsentiert eine neue Ära nachhaltigen Lichts". Highlight Web (in German). 2024-01-29. Retrieved 2024-10-16.
  24. ^ Wright, Maury (2018-03-20). "Ledvance advances toward becoming a dominant global lighting supplier at L+B". LEDs Magazine. Retrieved 2024-10-16.
  25. ^ Bush, Steve (2021-08-09). "Single Lighting Regulation (SLR) and Energy Labelling Regulation (ELR)". Electronics Weekly. Retrieved 2024-10-16.
  26. ^ "North America". Ledvance. Retrieved 2024-12-30.
  27. ^ "Ledvance gewinnt German Innovation Award in Gold für seine Home-Office-Leuchte und App". On Light (in German). 2021-05-20. Retrieved 2024-10-16.
  28. ^ "Ledvance Wins Nine Awards for Innovative Sylvania LED Lamps & Luminaires". Canadian Electrical Wholesaler. 2022-02-25. Retrieved 2024-12-30.
  29. ^ "Ecovadis-Silbermedaille für Ledvance". Highlight Web (in German). 2023-11-06. Retrieved 2024-10-16.
  30. ^ "Design Award für Everloop Linear Indiviled von Ledvance". Highlight Web (in German). 2024-06-10. Retrieved 2024-10-16.
  31. ^ Capkun, Anthony (2024-10-31). "Meet the Honorees of Energy Manager Canada's 2024 EM Honours Awards Program". Energy Manager. Retrieved 2024-12-30.