M&A Deal Summary

Wolfspeed Acquires Cotco Luminant Device Co.

On March 12, 2007, Wolfspeed acquired electrical equipment company Cotco Luminant Device Co. from United Luminous International for 200M USD

Acquisition Highlights
  • This is Wolfspeed’s 1st transaction in the Electrical Equipment sector.
  • This is Wolfspeed’s 3rd largest (disclosed) transaction.
  • This is Wolfspeed’s 1st transaction in China.

M&A Deal Summary

Date 2007-03-12
Target Cotco Luminant Device Co.
Sector Electrical Equipment
Buyer(s) Wolfspeed
Sellers(s) United Luminous International
Deal Type Divestiture
Deal Value 200M USD

Target

Cotco Luminant Device Co.

Hong Kong, China
COTCO is one of the LED manufacturers in Asia. With over 10 years' experience and expertise in high brightness LED lamps, COTCO has developed strong design and manufacturing capabilities in LED technology.

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Buyer(S) 1

Buyer

Wolfspeed

Durham, North Carolina, United States

Category Company
Founded 1987
Sector Semiconductors
Employees4,802
Revenue 807M USD (2024)
DESCRIPTION
Entrance to Cree's corporate campus in Durham, North Carolina.
Entrance to Cree's corporate campus in Durham, North Carolina.

Wolfspeed is a provider of energy-efficient, mercury-free LED lighting. Wolfspeed markets lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications. Wolfspeed was formed in 1987 and is based in Durham, North Carolina.


DEAL STATS #
Overall 2 of 7
Sector: Electrical Equipment M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
Country: China M&A 1 of 1
Year: 2007 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 INTRINSIC Semiconductor AB

Kista, Sweden

INTRINSIC Semiconductor AB is a designer and manufacturer of radio-frequency (RF), power, and sensor devices based on patented state-of-the-art silicon carbide (SiC) technology.

Buy $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-03 LED Lighting Fixtures

Morrisville,, North Carolina, United States

LED Lighting Fixtures, Inc. is a provider of electrical equipment i.e,s light-emitting diodes (LEDs).

Buy $77M

Seller(S) 1

SELLER

United Luminous International

Hong Kong, China

Category Company
Founded 1982
Sector Electrical Equipment
DESCRIPTION

United Luminous International (Holdings) Ltd. engages in the engineers and design LED products including full color video screens, information signs, traffic signals, automotive lighting, LED Backlights for LCD TV and specialty lighting.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2007 M&A 1 of 1
Size (of disclosed) 1 of 1