After the acquisition of LumiLEDs and TIR Systems, PHILPS Electronics will acquire LED lighting systems supplier Color Kinetics, which will help the Holland electronics giant complete solid-state lighting system covering the entire value chain layout.
In PHILPS seems, LED solid state lighting system to the traditional incandescent or fluorescent lamp has a huge impact, PHILPS is very optimistic about the prospects for the application of white LED. The market is expected to grow by $20 billion to $30 billion, according to independent market research. The market is growing at about $30% a year.
It is reported that PHILPS will be 592 million euros (about $788 million) acquisition of Color Kinetics, although the company's assets in Boston worth 516 million euros, but PHILPS still need to pay an additional $76 million in debt.
Source: International Electronic Business
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