Info
Info

Lumileds Officially an Independent Company

News
Info

Lumileds has announced, that funds affiliated with Apollo Global Management, LLC (together with its subsidiaries, "Apollo"), and Royal Philips completed their previously disclosed transaction, resulting in Lumileds operating as an independent company. Lumileds develops lighting solutions for the automotive, mobile, IoT and illumination segments, enabling customers to push the boundaries of light.

As announced in December 2016, Apollo and Philips agreed to a transaction where Philips would sell 80.1% interest in Lumileds to certain funds managed by Apollo and retain the remaining 19.9% interest in the company. Apollo is a leading global alternative investment manager with assets under management of approximately USD 197 billion* in private equity, credit and real estate funds, invested across a core group of nine industries, where Apollo has considerable knowledge and resources.

"We are fortunate to have Apollo and Philips' support as Lumileds embarks upon our next chapter as an innovator of high performance LEDs and a leader in advanced lighting solutions," said Mark Adams, CEO of Lumileds.

Lumileds develops, manufactures and distributes groundbreaking LED technology and advanced lighting products, employing over 9,000 team members with operations in over 32 countries.

"Lumileds has over 100 years of innovation as a pioneer in the lighting industry," said Robert Seminara, Senior Partner at Apollo. "We look forward to working with the Lumileds Team in support of what we believe will be a very successful future."

* As of March 31, 2017


The Latest News, Brought To You By
Lumileds Officially an Independent Company
Modified on Wednesday 5th July 2017
Find all articles related to:
Lumileds Officially an Independent Company
TaaS Technology Magazine


Tuesday 9th - Wednesday 10th July 2019 @ The National Motorcycle Museum

Transportation-as-a-Service (TaaS) Technology will evolve in 2019 from the inaugural conference which took place in 2018, into two co-located conferences plus a shared exhibition. As per 2018 TaaS Technology will cover Connected and Autonomous Vehicles (CAVs) and Future Mobility. The new co-located conference will look at 'Energising Future Mobility' and will focus on the key topics surrounding Electric Vehicles (EVs), Battery/Energy Technology and Infrastructure.

Places will be limited, so register your place today: https://taas.technology
Info
Seat And UFO Introduce Kicksharing In Málaga
FCA Partners With Enel X And ENGIE To Offer Innovative Charging Solutions
Iteris Delivers Connected Communities Infrastructure With Cisco’s Support
Peugeot To Launch The All Electric E-2008 SUV In Early 2020
Hyundai And Kia To Investment In Aurora
Camion Transport And Migros To Test Mercedes-Benz EActros In Switzerland
Ford Launches The Third Generation Of Its Self-driving Vehicles
Mapbox And Luxoft Partner To Bring AI And AR To In-Vehicle Navigation
Volvo Group Partners With NVIDIA To Develop Advanced AI Platform For Autonomous Trucks
LEVC Unveils New Electric Light Commercial Vehicle
Volkswagen And Schwarz Group Partner To Install EV Fast Charging Stations
Greenlots Expands EV Fast Charging Infrastructure For Portland General Electric
Fastned Opens Its 100th Fast Charging Station
Local Motors Deploys Autonomous Shuttles At Joint Base Myer-Henderson Hall
Upgraded Renault Zoe Features Greater Range
Ottopia Announces Collaboration With Denso
London May Need Around 50,000 Additional EV Charging Points By 2025
Ola To Setup It’s Advanced Technology Centre In The Bay Area
ENGIE Acquires British EV Charging Solutions Provider ChargePoint
Israeli Company Claims To Fully Charge Electric Scooters In 5 Minutes
Volvo Trucks Debuts Autonomous Transport Of Goods At Gothenburg Port
Volkswagen Introduces New Software Unit
Applied Information And Commsignia Deploy C-V2X Technology In Washington
Sense Photonics Raises $26 Million To Advance Depth Sensing Technology
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info