The latest LED bulbs from Philips. The industry for LED lamps is now privatized. Photo ANP / Lex van Lieshout
Philips has found a buyer for its industry for LED lamps. The company sells 80.1 percent of the parts Lumileds and Automotive Lighting Go to Scale Capital. The US investor will pay about $ 2.9 billion (2.7 billion euros) for the two industries, as Philips announced this morning.
The Dutch company had the department for LED bulbs and automotive lamps since the last summer, standing in the shop window. Philips wanted both companies earlier this year split off from the parent company and independently go ahead. Using the capital of Go Scale is this succeeded.
Philips continues buyer led lights
The transfer of the shares should be completed sometime in the third quarter. After selling both parts go together under the name Lumileds. Philips holds a stake of nearly twenty percent in that company, which is going to be led by current CEO Pierre-Yves Lesaicherre.
Although Philips LED division does for a large part of the hand, the company continues on a large scale LED lamps reduce the future Lumileds. When the two components a total of over 8,000 people. In France, Germany, Poland and China automotive lighting made the production of LED chips is done in California, Malaysia and Singapore.
Further medical specialists
The sale of Lumileds and Automotive Lighting is a first step in the major split that Philips CEO Frans van Houten will implement in the coming time. Van Houten wants his company will continue in the future as a specialist in medical technology. He therefore does all other parts of the hand.
In the autumn of last year the Philips CEO announced that he wants to cut technology roughly in half. The lighting division of Philips Lighting – where the roots of the company lie – to appear on their own within a half years. That probably happens with an IPO.
Also at NRC Q “How Philips is to grow again?”
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