Philips acquires professional LED manufacturers from Spitborn

Philips recently announced that it will acquire ColorKinetics, a professional LED (next-generation light source) manufacturer based in Boston, USA, for a total purchase price of 592 million euros. The transaction is expected to be completed in the second half of 2007. Philips Lighting CEO Theovan Deursen said the move will make Philips a leader in the fast-growing solid-state lighting business.
LED technology products involve landscape lighting, displays, etc. It is understood that the new company will increase investment in the development of core technologies for intelligent LED lighting applications in the future, and improve lighting solutions in the traditional sense.



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