Koninklijke Philips N.V.
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Publicatie datum
29 dec 2006 - 14:14
Statutaire naam
Koninklijke Philips N.V.
Titel
PHILIPS ANNOUNCES 100% OWNERSHIP OF LUMILEDS
Bericht
Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced it has obtained full ownership of Philips Lumileds Lighting, the world leader in high-power light emitting diodes (LEDs) and pioneer in LED technology for every day purposes.
Philips acquired Agilent LED International’s stake in Lumileds last year, and has now acquired the remaining 3.5% of Lumileds share capital from Lumileds’ employees and management. The 3.5% stake was related to an employee stock option program at Lumileds which has now been replaced by a new incentive program. A one-time charge of approximately EUR 8 million will be taken in the financial results for the fourth quarter 2006.
“In the last year we have made tremendous progress in aligning Philips’ and Lumileds’ business and strategy to further strengthen our position in the fast growing, emerging solid state lighting market,” says Theo van Deursen, CEO of Philips Lighting. “Philips now owns the entire new value chain, from technology expertise to in-depth customer knowledge, which provides us with a real competitive edge.”
For more information, please contact:
Jeannet Harpe
Philips Corporate Communications:
Tel: +31 20 5977199
Email: jeannet.harpe@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 126,000 employees in more than 60 countries worldwide. With sales of EUR 30.4 billion in 2005, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter.
Forward-looking statements
This release may contain certain forward-looking stat
Datum laatste update: 19 december 2025