PHILPS's acquisition of Color LED Kinetics gradually into the daily application

The agreement PHILPS in June 19th with Color Kinetics, the price of $34 per share to acquire all of its shares, the acquisition price of 592 million euros, the transaction is expected to be completed in the second half of 2007. This will further enhance the strength of PHILPS's research and development, accelerate the popularization of LED in various fields, such as daily life.

Energy-saving lighting sustainable solutions has been the lighting industry development direction. PHILPS lighting CEO Theo van Deursen said, "this acquisition scheme to solve the various parts of the value chain in the technology base, professional expertise and intellectual property LED lighting, PHILPS to become a leader in the business of rapid growth in solid state lighting. Through the extensive use of innovative LED lighting solutions to further create sustainable value. "

Color Kinetics was founded in April 1997, is a professional manufacturer of LED in Boston. The company is rich in LED products and cutting-edge digital control system technology, with a wide range of technical combinations, including LED lighting and intelligent control technology related to important patents. Color Kinetics total sales in the past 5 years, with an annual growth rate of up to 31%, in 2006 reached about $65 million. The company also has a rapid increase in patent licensing income.

Color Kinetics Bill president and chief executive officer Mr. Sims is confident of the merger, "we believe that the global leaders to join PHILPS lighting is the most consistent with our shareholders, customers, partners and employees benefit choice, combine the resources of both sides will have the best business entity, and promote LED lighting revolutionary progress. He said that the new company will continue to focus on the development of a strong focus on the future of intelligent LED lighting applications.

Acquisition of the two company's resources are fully integrated and optimized, have milepost on the development of LED technology and the significance of the lighting industry. In the Chinese market, PHILPS is known for its advanced technology and complete product solutions. In the upper reaches of the chip production chain, PHILPS and other multinational companies have firmly grasp the commanding heights of the industry.

At the same time, PHILPS vigorously develop LED technology, many products have been widely used in life, reflects the scientific and technological innovation and energy saving, practical and simple etc.. It is used for the restaurant is beautiful and elegant, bright and practical for the kitchen, used in the living room warm and comfortable, simple style for the bedroom.

After the merger, it will bring unexpected surprises to consumers. LED technology products will be more diversified, intelligent, cost-effective, and a wider range of applications: large landscape lighting, small to display. Especially in the development of the core technology of intelligent LED lighting applications, the new company to expand investment, through the integration of resources and technologies, is expected to improve the traditional sense of lighting solutions.

Acquired Color Kinetics, PHILPS will further improve the product line, to play the advantages of LED technology, to provide more advanced products and complete lighting solutions for customers. PHILPS is expected to improve the white light technology, will greatly enhance the market size. Independent solid-state lighting market will reach 200 to $30 billion in 2025, with an annual growth rate of nearly 30%. In the Olympic Games, the arrival of World Expo, LED will have a broader application space. The face of this big cake LED, this powerful combination of mergers and acquisitions can not only enhance the technical strength and market share, but also to the general consumer has brought a new vision. Source: International Online