China Electric Enters LED Lighting Field with Takeover of GIO Optoelectronics

China Electric Manufacturing Corp. has announced its acquisition of GIO Optoelectronics Corp. in hopes to meet their operation goal of increasing LED lighting revenue share by 20 percent next year.

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China Electric Manufacturing Corp. has announced its acquisition of GIO Optoelectronics Corp. in hopes to meet their operation goal of increasing LED lighting revenue share by 20 percent next year. The company announced yesterday its acquisition of 160 million shares at NT $ 0.8 per share with allocated funds reaching NT $83.9 million. Main shareholder of GIO, Chimei Corp. sold its 39.2 percent stake to China Electric and relinquished chairmanship. China Electric will join GIO in LED lighting product R&D, but will not interfere with the company’s operations.

With poor tablet manufacturing prices this year, China Electric has slashed backlight application prices. The company has therefore temporarily ceased OEM for backlight applications due to low profitability, leading to a drop in operation revenue for the year. October consolidated revenue reached NT $207 million, a yearly decrease of 63.24 percent. Consolidated revenue for the first 10 months of 2013 was NT $2.77 billion, a yearly decrease of 53.24 percent.

China Electric’s lighting brand TOA is a conventional lighting leader in Taiwan.

China Electric Enters LED Lighting Field with Takeover of GIO Optoelectronics

Optoelectronics Supplier Excelitas Acquires Curing and Illumination Systems Provider Lumen Dynamics

Excelitas Technologies of Waltham, Massachusetts USA, an optoelectronics supplier to OEMs announced that it has acquired Lumen Dynamics, a privately-held volume manufacturer of lamp and LED-based UV curing and fluorescence illumination systems. The terms of the Lumen Dynamics deal were not...

Excelitas Technologies of Waltham, Massachusetts USA, an optoelectronics supplier to OEMs announced that it has acquired Lumen Dynamics, a privately-held volume manufacturer of lamp and LED-based UV curing and fluorescence illumination systems. The terms of the Lumen Dynamics deal were not disclosed.

“Lumen Dynamics’ technology and innovative product portfolio complement Excelitas’ existing suite of specialty lighting products,” said David Nislick, CEO, Excelitas Technologies. “With the addition of Lumen Dynamics’ expertise in UV curing, Excelitas is now poised to expand our penetration of the high growth UV curing markets and address an even wider range of demanding medical and industrial applications.” This acquisition strengthens Excelitas’ UV and LED capabilities and broadens the portfolio of offerings to the fluorescence illumination and microscopy markets.”

About Lumen Dynamics

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Based in Ontario, Canada, Lumen Dynamics is focused on advancing UV system technology. It offers a suite of products under OmniCure® and X-Cite® brands. The combined companies will reportedly offer an expanded range of customized fiber optic UV and LED solutions and specialty lighting products for OEMs in electronics/optoelectronics, digital printing, medical device, and life science applications. Lumen Dynamics is the fourth acquisition by Excelitas since its formation in late 2010. In October 2013, Excelitas completed the acquisition of Qioptiq. In 2012, Excelitas acquired high-voltage power supplier Kaiser Systems and lamp-manufacturer Carsan Engineering.

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Excelitas Technologies provides innovative, customized optoelectronics and advanced electronic systems to a global customer base of leading OEMs seeking high-performance, market-driven technology solutions. We are committed to enabling our OEM customers’ success in their markets and applications.

Optoelectronics Supplier Excelitas Acquires Curing and Illumination Systems Provider Lumen Dynamics