LEDVANCE Deepens Ties with Bridgelux

LEDVANCE, a subsidiary of Chinese lighting company Mulinsen Co., Ltd. (MLS), plans to acquire an 18.77% equity stake in Purui Optoelectronics Xiamen Co., Ltd. for approximately 256 million Chinese yuan (about USD $35.84 million), according to Beijing Business Daily. The deal, funded through internal or self-raised capital, will bring LEDVANCE’s total ownership in Purui to nearly 36%, roughly doubling its previous 17% stake. The transaction is not classified as a major asset restructuring under current Chinese regulations. The 18.77% stake was sold by Taiwan-based Epistar.

According to Securities Times, Purui Optoelectronics — owner of the international LED brands Bridgelux and Intematix—is both the largest shareholder of, and a core R&D and manufacturing partner to, U.S.–based Bridgelux, Inc. By increasing its stake in Purui, LEDVANCE strengthens its direct access to Bridgelux’s upstream and downstream operations, enhancing MLS’s strategic positioning across the LED value chain.