Lumileds Celebrates Its Independence - Energy Watch News

Lumileds Celebrates Its Independence

Lumileds, San Jose, CA, gathered hundreds of employees and customers earlier this week for an evening event to celebrate the company’s history and its recent emergence as a stand-alone company. The company, which formerly comprised Royal Philips NV’s automotive lighting, LED components and display lighting businesses, was spun off by Philips when it sold a majority stake to Apollo Global Management, LLC, New York, for about $2 billion in a deal announced last December and completed in July.

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