“This transaction is the next step of our ongoing transformation. As the LED industry evolves and continues to mature, I am confident that Lumileds International will continue to be successful and accelerate its growth under the new ownership,” said Steve Barlow, CEO of Lumileds International.
The transaction is expected to close by the first quarter of 2026, subject to customary closing conditions.
About Lumileds International
Lumileds International is a global leader in LED technology, innovation, and solutions for the automotive, display, illumination, mobile, and other markets where light sources are essential. The approximately 3,300 employees operate in over 15 countries to partner with their customers to deliver solutions for lighting, safety, and well-being.
About San’an Optoelectronics
San’an Optoelectronics is a renowned high-end light-emitting diode (LED) chip manufacturer in China. It is listed on the Shanghai Stock Exchange (600703.SH) with annual revenue of RMB16.1 billion (approximately USD2.2 billion) for the financial year ended 31 December 2024 and a market capitalization of approximately RMB60 billion (or about USD8.4 billion) as at the date of announcement of the transaction.
About Inari Amertron Berhad
Inari Amertron Berhad is a renowned technology company in Malaysia, providing Outsourced Semiconductor Assembly and Test services to the semiconductor industry. Inari is listed on the Malaysian Stock Exchange (0166.KLSE) with annual revenue of RM1.5 billion (approximately USD350 million) for the financial year ended 30 June 2024 and a market capitalization of approximately RM7.8 billion (or about USD1.8 billion) as at the date of announcement of the transaction.
Houthoff advises Lumileds International on this transaction. The Houthoff team involved is led by Willem Liedenbaum and Alexander Kaarls and further consists of Richard Witvliet, Josephine de Bok, Daniël Stuijt, Sophie de Kock van Leeuwen, Enes Karatas, Thijs Hoppenbrouwers, Paul de Vries, Marijn van Horen, Yvo de Vries, Cornelie Castelein, Jessica Terpstra, Joost den Hollander, Nadia Nartey-Wemegah, Charlotte Jukema, Sylvia Dikmans, Wieger Kop, Thomas de Weerd and Marco Moeskops.
