A surprising contender has emerged in the bid for Philips Lumileds and automotive lighting business this week. Chinese startup Lattice Power seems to have submitted a bid price, which the company CEO Min Wang appears to have indirectly admitted. At the moment, the odds seem to be in favor of private equity firms CVC and KKR, who are offering to buy 80% of the lighting component business for $2.7 billion.
Valeo has been selected by a major Chinese OEM to equip its new models with a cutting edge pillar-to-pillar Head-Up Display. Valeo’s panoramic Head-Up Display is a groundbreaking system that transforms the vehicle’s windshield into... READ
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ams OSRAM, a global leader in optical solutions, today announced its collaboration with Hergy International Corp. to commercialize the innovative Perazim series drinking water sterilizers. This partnership not only underscores Hergy Internatio... READ
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