Philips acquires Agilent’s stake in Lumileds

Philips (www.philips.com) has agreed to purchase Agilent Technologies (www.agilent.com) 47% stake in LED developer Lumileds Lighting (www.lumileds.com) for Euro 765 million, thereby acquiring a 96% interest in the company, with the remainder owned by an employee trust.
Aug. 18, 2005

Philips has agreed to purchase Agilent Technologies 47% stake in LED developer Lumileds Lighting for Euro 765 million, thereby acquiring a 96% interest in the company, with the remainder owned by an employee trust. Lumileds was formed in 1999 as a joint venture between Philips and Agilent. Lumileds’ products are used in automotive lighting, among other applications.

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