2019-03-04

Eaton to Spin Off Its Lighting Business

Power management company Eaton announced its plan to spin off its lighting business to create an independent, publicly traded company by the end of 2019. The lighting business of Eaton covers a wide range of products and systems to maximize energy efficiency which records sales of US$ 1.7 billion in 2018. Eaton’s lighting business provides services to customers in commercial, industrial, residential and municipal market. The spin-off will include Eaton’s global airport lighting business and Mains lighting. According to Eaton, Goldman Sachs will be Eaton&rsq...
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2016-11-28

Samsung to Weather Operation Crisis by Spinning-Off Company Businesses

Facing a severe operation crisis Korean conglomerate Samsung Electronic is considering to take the advice of hedge fund management firm Elliott Management Corporation to spin-off into two independent legal entities, The Seoul Economic Daily cited sources familiar with the matter.
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2016-07-15

[Breaking News] Cree Sells Wolfspeed for $850M to Infineon

Cree, a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash. 
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2016-05-04

Philips to Sell At Least 25% Stake in Lighting Business through IPO

Philips confirmed on Tuesday it will be spinning off its Philips Lighting through Initial Public Offering (IPO), reported Reuters.
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2015-03-20

[Breaking News] KKR, CVC Close to Sealing Deal for Philips Lumileds

KKR & Co. and CVC Capital Partners are nearing an agreement to buy Philips Lumileds, lighting components unit, a Bloomberg report cited a source saying.
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2013-07-08

The Spin-off of OSRAM Licht AG from Siemens Promotes Osram to Expand Chinese Market

Today, Siemens formally spins off OSRAM Licht AG and lists it in Germany. Analysts believe that Osram will be provided with more adequate funds and a more flexible organizational structure to grasp the rapidly growing opportunities of the global LED lighting after the spin-off. It is expected that OSRAM will increase the intensity to extend the Chinese LED lighting market. As one of the global lighting giants, Osram was originally a wholly owned subsidiary of Siemens. In November of 2012, Siemens planned to spin-off 80.5% of OSRAM's shares to share...
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Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE