Koninklijke Philips N.V.
Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.
Publicatie datum
19 jun 2007 - 07:31
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to acquire Color Kinetics to strengthen leading position in LED lighting systems, components and technologies
Bericht
June 19, 2007
PHILIPS TO ACQUIRE COLOR KINETICS TO STRENGTHEN LEADING POSITION IN LED LIGHTING SYSTEMS, COMPONENTS AND TECHNOLOGIES
• Combination strengthens Philips’ LED portfolio, technology base and intellectual property position
• Color Kinetics’ application know-how in combination with Philips’ global market presence will accelerate Philips Lighting's growth in Solid State Lighting
• Builds on Philips’ Lumileds and TIR Systems acquisitions in the sector
• Purchase price corresponds to a Color Kinetics enterprise value of approximately EUR 516 million
Amsterdam, The Netherlands and Boston, Massachusetts, USA – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced it has reached an agreement with Color Kinetics Incorporated (NASDAQ: CLRK) under which Philips will acquire all of the outstanding shares of Color Kinetics for USD 34 per share, or a total consideration of approximately EUR 592 million to be paid in cash upon completion. The implied enterprise value of Color Kinetics in this offer is EUR 516 million, taking into account approximately EUR 76 million of cash on balance sheet as of March 31, 2007. This transaction is subject to the terms and conditions of the merger agreement and to the approval of Color Kinetics’ shareholders, as well as to customary regulatory clearance, and is expected to close in the second half of 2007.
Color Kinetics, based in Boston, Massachusetts, USA, is a leader in designing and marketing innovative lighting systems based on Light Emitting Diode (LED) technology. The company has a broad technological portfolio covering important patents relating to intelligence and control technology for LED lighting. Color Kinetics also has in excess of 15,000 professional installations worldwide and an array of large, industrial customers in professional channels.
This merger builds on the acquisition of Lumileds in 2005, through which Philips ensured a leading position in high-power LED dyes, and on the recent acquisition of TI
Datum laatste update: 24 december 2025