Lumileds is officially an independent company

July 5, 2017
Remainder of funds were transferred from previous owner Royal Philips to a New York City investment firm.

Lumileds (San Jose, CA) announced that funds affiliated with investment firm Apollo Global Management (New York City, NY) and Royal Philips (Amsterdam, Netherlands) have been transferred to complete their previously disclosed transaction (see below), resulting in Lumileds operating as an independent company. Lumileds develops lighting LEDs for the automotive, mobile, Internet of Things (IoT), and illumination markets.

Lumileds began as part of Royal Philips; in 2014, Royal Philips split into two companies, one concentrating on LED lighting (Lumileds) and the other on health care and consumer lifestyle (Royal Philips). Lumileds was owned by Royal Philips.

As announced in December 2016, Apollo and Philips agreed to a transaction where Philips would sell 80.1% interest in Lumileds to funds managed by Apollo and retain the remaining 19.9% interest in the company.

Lumileds is one of the technology leaders in the lighting LED industry, producing white LEDs as well as a wide range of single-color LEDs in the visible and near-IR. The company has introduced, for example, LEDs with a projected lifetime of 114 years, as well as illumination LEDs with colors such as mint green.

For further information, see www.lumileds.com

Source: Lumileds

About the Author

John Wallace | Senior Technical Editor (1998-2022)

John Wallace was with Laser Focus World for nearly 25 years, retiring in late June 2022. He obtained a bachelor's degree in mechanical engineering and physics at Rutgers University and a master's in optical engineering at the University of Rochester. Before becoming an editor, John worked as an engineer at RCA, Exxon, Eastman Kodak, and GCA Corporation.

Sponsored Recommendations

How to Tune Servo Systems: Force Control

Oct. 23, 2024
Tuning the servo system to meet or exceed the performance specification can be a troubling task, join our webinar to learn to optimize performance.

Laser Machining: Dynamic Error Reduction via Galvo Compensation

Oct. 23, 2024
A common misconception is that high throughput implies higher speeds, but the real factor that impacts throughput is higher accelerations. Read more here!

Boost Productivity and Process Quality in High-Performance Laser Processing

Oct. 23, 2024
Read a discussion about developments in high-dynamic laser processing that improve process throughput and part quality.

Precision Automation Technologies that Minimize Laser Cut Hypotube Manufacturing Risk

Oct. 23, 2024
In this webinar, you will discover the precision automation technologies essential for manufacturing high-quality laser-cut hypotubes. Learn key processes, techniques, and best...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!