Philips to merge LED components, auto lighting into standalone business

[riky]

Philips to merge LED components, auto lighting into standalone business

<p><a href="http://news.yahoo.com/philips-merge-led-automotive-lighting-businesses-060409415--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/bro2kZXKbyZ.oiCi6R3YsA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-30T060409Z_1_LYNXMPEA5T069_RTROPTP_2_PHILIPS-RESULTS.JPG" width="130" height="86" alt="A Philips logo is seen at Philips headquarters in Amsterdam" align="left" title="A Philips logo is seen at Philips headquarters in Amsterdam" border="0" /></a>Dutch lighting and healthcare company Philips said on Monday it would merge its Lumileds LED components and automotive lighting divisions into a standalone subsidiary which could potentially be spun off. The company said its lighting division would remain a key customer for the new subsidiary but that it would look for third-party investors. The decision is the latest stage in Philips' shift from an electronics company into a healthcare and lighting business. Lumileds is a manufacturer of high-powered LED lights, while the automotive lighting division sells light sources to carmakers and auto parts and repair stores.</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login