Philips sown 592 million euros to acquire LED manufacturers

Topic: The industry's previously reported Color Kinetics purchase? 惆福? Philips recently announced that it will acquire a professional LED (Next Generation Light Source) manufacturer Color Kinetics in Boston, USA for a total purchase price of 592 million euros. Philips Lighting Chief Executive Theo van Deursen said the move will make Philips a leader in the fast-growing solid-state lighting business, with the entire transaction expected to be completed in the second half of 2007.

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