Philips

News aus der Elektroindustrie

Legrand of North and Central America announced its partnership agreement with Lumileds, whereas.......

Legrand of North and Central America announced its partnership agreement with Lumileds, whereas.......

the healthcare and education market segment with a new easy-to-install system will be targeted.

Lumileds is one of the world's leading manufacturers in the lighting sector and becomes the exclusive supplier to Legrand in the Americas in the LED sector.

In December 2016, Philips, the former parent company, sold 80.1% of its Lumileds light business to the investment company Apollo, following the concerns of CFIUS (Committee on Foreign Investments in the US) and the sale of the LED division to the Chinese consortium Go Scale Capital has been canceled.

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As announced mid-December, the parent company Philips has sold 80.1% of its light division Lumileds to the investment company Apollo for 1.5 billion USD (1.4 billion EUR).

As announced in mid-December, the parent company Philips sold 80.1% of its Lumileds lighting division to its affiliate Apollo for $ 1.5 billion (€ 1.4 billion).

The remaining 19.9% ​​Philips wants to keep at least 3 years. A definitive deal is expected in the first half of 2017. As we said on January 25, 2016, Philips has acknowledged CFIUS's concerns about US foreign investment controls Sale of the LED division to the Chinese consortium Go Scale Capital canceled. Originally, Go Scale should own the 80.1% of Philips.

The purchase price would have been $ 3.3 billion at the time (€ 3.1 billion). So for now: a $ 1 7 billion ($ 1.7 billion) financial loss to Philips.

With this transaction, we want to start talking about the light business you want to focus on the health and medical business in the future.

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Philips CEO Frans van Houten is sticking to his forecast for 2016 as a whole, for the second half of the year............

Philips CEO Frans van Houten is sticking to his forecast for 2016 as a whole, for the second half of the year............

a slightly better result is expected but there are concerns about the volatility in some markets.

In the 2nd quarter a turnover of EUR 5.86 m was made, which is 2% less than in the same period last year. Profits amounted to EUR 431 m and were 57.3% higher than in Q2 2015.

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Philips is yielding to the reservations of the Committee on Foreign Investments in the US (CFIUS) and has called off the sale.............

Philips is yielding to the reservations of the Committee on Foreign Investments in the US (CFIUS) and has called off the sale.............

of its LED division and auto lighting components (with the name of Lumileds) to the Chinese consortium Go Scale Capital.

Originally Go Scale was to take over 80.1% from Philips, with the rest being retained. The purchase price would have amounted to USD 3.3 bn (EUR 3.1 bn). In 2015 Lumileds generated a turn-over of approx. USD 2 bn (EUR 1.9 bn) and it employs approx 8,800 people in 30 countries.

This transaction was to begin the outsourcing of the lighting division in order to be able to focus on healthcare in future.

Philips still has the wish to sell the division, for which reason contact is now being taken up again with the firms which had been interested in taking over Lumileds, with names like Bain Capital, CVC Capital and KKR being mentioned.

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In Q3 2015 Philips had a turnover of EUR 5,836 m, against EUR 5,194 m in the same quarter last year, giving an increase of EUR 642 m.

In Q3 2015 Philips had a turnover of EUR 5,836 m, against EUR 5,194 m in the same quarter last year, giving an increase of EUR 642 m.

Net result was an increase of EUR 324 m compared with a drop of EUR 103 m last year.

The lighting division made EUR 1,830 m (last year: EUR 1,705 m), the other divisions (Healthcare, Consumer Lifestyle und Innovation) taken together made EUR 4,006 m against EUR 3,489 Mio. last year.

In Western Europe EUR 1,435 m was made, in North America EUR 1,983 m (+ 21% against last year), in China, Middle East and Turkey the group suffered setbacks.

With the sale of the lamps business in the 1st half-year 2016 Philips is on target; all options are being considered, from flotation to sale.

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The Dutch electronics group sells 80.1% of its LED and automotive light business to Chinese investor group Go Scale Capital. For this, Philips receives $ 2.8 billion (€ 2.6 billion) before tax.

The Dutch electronics group sells 80.1% of its LED and automotive light business to Chinese investor group Go Scale Capital. For this, Philips receives USD 2.8 billion (EUR 2.6 billion) before taxes.

Overall, the sold area will be underfunded in the future the name " Lumileds “ traded at around USD 3.3 billion (EUR 3.1 billion); the management takes over Pierre-Yves Lesaicherre. The transaction is expected to be completed in the third quarter of 2015.

Philips therefore owns a 19.9% ​​stake and intends to become an important customer of the new company.

The Philips Group had split in the fall of 2014 in the areas of lighting and health / lifestyle. The latter area will now be concentrated, having generated a turnover of EUR 15 billion in 2013, while the lighting sector had reached only around EUR 7 billion.

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KKR & Co and CVC Capital Partners could already soon buy Philips’s lighting segment according to the latest press releases, which state that the finance companies have bid to buy 80% of the division.

KKR & Co and CVC Capital Partners could already soon buy Philips’s lighting segment according to the latest press releases, which state that the finance companies have bid to buy 80% of the division.

The deal is said to have a volume of EUR 2.5 bn and might be officially confirmed in the next few days. Bain Capital from Boston/USA, who had also been interested in a takeover, are no longer in the running, according to the release.

Philips would like to hive off or sell the division, and a decision is to be made about this by the shareholders in the next shareholders’ meeting in May. The LED components and automotive lighting divisions are said not to be part of the current deal and are to be sold separately.

This means that Philips are doing a similar thing to Siemens, who also floated its lighting division Osram on the stock market as a separate company.

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Min Wang, CEO of the Chinese start-up company has explained to LEDinside magazine that it is definitely not going to take over Philips Lumileds.

Min Wang, CEO of the Chinese start-up company has explained to LEDinside magazine that it is definitely not going to take over Philips Lumileds.

On enquiry whether a bid had been submitted he answered evasively that he didn’t want to comment at present but would disclose the outcome of the final bid in due course.

Previously Reuters news agency had reported that Lattice Power together with two financial investors had submitted a last-minute bid for the takeover of Philips’ lighting division. Besides this other financial investors had put in bids.

Already last year Royal Philips had decided to combine its LED business with its vehicle lighting sector and place it as an independent company within the Philips Group. Now apparently the possibilities are being sounded out: The new company could be floated on the stock market or sold. Perhaps also only one strong external investor will come along and Philips itself will remain a shareholder, too – and a customer.

At present there are no other statements available.
 

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In 2014 Philips was the second-largest global patent applicant at the European patents office, and it is the number 1 in Europe.

In 2014 Philips was the second-largest global patent applicant at the European patents office, and it is the number 1 in Europe.

At a global level Samsung is the only company to apply for more patents, with Siemens lying in third place, followed by LG from Korea and Huawei from China.

Philips filed 2,317 patent applications in the year 2014, 26% more than in the prior year 2013, when the company was still lying in third position in the annual ranking.

Currently Philips’ portfolio consists of 71,000 patents, 47,000 trademarks, 92,000 design rights and 4,900 domain names.

Impressive though these figures are, it is not so much the quantity as the quality and value of the portfolio which is of significance to Philips.

The demand for patent protection in Europe has been growing steadily, and Europe continues to strengthen its role as the global focus for technology and innovation for a growing number of companies from all over the world.

 

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On 1st February Peter Vullinghs (43) is taking over chairmanship of the board at Philips in Germany (subject to his appointment by the supervisory board) and will also take the chair of the entire D-A-CH region.

On 1st February Peter Vullinghs (43) is taking over chairmanship of the board at Philips in Germany (subject to his appointment by the supervisory board) and will also take the chair of the entire D-A-CH region.

He succeeds Dr. Carla Kriwet (43), who in future will be responsible for Philips’ global business in solutions and systems for patient care and patient monitoring, in which function she will report directly to Philips’ CEO Frans van Houten.

The Dutchman Peter Vullinghs started his career at Philips in the year 1996 – at first in internal auditing. After a variety of stations in India, Singapore and Hong Kong he transferred to Moscow in 2009 and took over the directorship of Philips’ Consumer Lifestyle Division in Russia.

In 2013 Vullinghs was appointed chairman of the board of Philips in Russia, Ukraine, Belarus, Kazakhstan and Central Asia.
 

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