Sanan Optoelectronics wholly-owned subsidiary completed the acquisition of US lumens 100% equity
On June 5, Sanan Optoelectronics announced that Lightera Corporation, a wholly-owned subsidiary of the company, acquired a 100% stake in Luminus Devices, Inc. (US Lumens) with US$22 million in its own currency. According to the current exchange rate, the investment amount exceeded 100 million yuan. .
Headquartered in Xiamen, Sanan Optoelectronics Co., Ltd. is mainly engaged in R&D, production and sales of full-color ultra-high brightness LED epitaxial wafers, chips, compound solar cells, and high-concentration photovoltaic products. The company is registered in Delaware, USA. Its main business is the development and production of high-brightness lighting equipment. It has 93 patents worldwide. Its main customers include South Korea LG, Taiwan Acer, Austrian Fort Ord, USA EYE Lighting, Philips in the Netherlands, Martin in Denmark and Wilex in Germany.
Sanan Optoelectronics said that the acquisition of Lumen is to promote the company's international operation process and gradually realize the goal of the company's overall LED industry development.
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