Unilumin(SZSE 300232), the leading provider of LED products and application solutions based in China, announced to have acquired LAMP Technology. The total transaction cost at closing is RMB 68 million, after the acquisition, Unilumin owns 100% equity interest in LAMP Technology.
Through the acquisition, Unilumin enhances its leadership in China LED industry, especially in UHD LED display field. Vincent Ma, Vice president and GM of Unilumin Group, stated: “Unilumin has been performing strongly in Ultra HD LED filed in last 3 years. The acquisition of LAMP Technology fits well within our UHD LED strategy as it further strengthens our existing UHD LED product portfolio, opens opportunities in mid-range market segments, and increases our overseas market share.”
“Since Unilumin acquired ROE Visual in 2012, LED display industry in China steps into a consolidation period, dozens of small and mid-range LED companies are sold or collapsed each year, we believe further consolidation will make the industry healthier.” explains Vincent.
About LAMP Technology
Founded in 2004, LAMP Technology designs and develops LED display products for a variety of professional markets and is one of the most professional UHD LED display solution providers based in China. Its products have been installed in more than 90 countries through its partners worldwide. Visit www.szlamp.net
About Unilumin
Unilumin is one of the global leading LED manufacturers delivering turnkey LED display and LED lighting solutions with partners in 100 countries and regions. As a technical direction company, Unilumin developed world highest density 0.8mm bezel-free LED video wall system and glass-free 3D LED video wall system. Unilumin has a global sales and support network with subsidiary in USA, China, offices in Holland, Hong Kong. Visit www.unilumin.com
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