As GE lighting is still a strong brand in North America, it is expected a number of Chinese LED and lighting firms will scramble for the sale. In this regard, LEDinside looked into the Chinese lighting industry and found out a few firms that might be interested in buying GE’s assets.

Early in March, the Chinese investment consortium- with IDG Capital,LED packaging manufacturer MLS CO., LTD. and Yiwu State-Owned Assets Operation Center as the members- completed the acquisition of LEDvance from Osram. Originally a general lighting business unit of Osram, LEDvance, with the support of its new owners, extended its product line from standardized and traditional light sources to advanced LED lamps and intelligent products for smart lighting.

Osram is close to receiving approval from the German government to go ahead with the sales of its general lighting business LEDVANCE to a Chinese investment consortium headed by IDG Capital Partners (IDG), reported DrivingVisionNews.com.

The German government has temporarily halted Chinese consortium headed by strategic investor IDG Capital Partners (IDG) to acquire Osram’s general lighting business LEDVANCE, and have put the deal under review, Reuters cited German magazine WirtschaftsWoche recent report.

Osram announced Wednesday that a Chinese investment consortium headed by IDG that comprised of  MLS, and Yiwu State-Owned Assets Operation Center (Yiwu) acquired the German manufacturer’s general lighting business Ledvance for EUR 400 million (US $439.58 million).

Forest Lighting, ranked as the top five global LED package manufacturer in the lighting application sector in LEDinside’s analysis, has been expanding its scale through acquisition ever since it became listed company back in February 2015.