PHILPS large-scale acquisition of LED upstream and downstream manufacturers, to create a solid state lighting industry chain

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