Philips to buy Color Kinetics in $791 million deal
News & Analysis from our July/August 2007 issue.
Upon close of the transaction, expected in the second half of 2007, the merged entity will operate under the not-too-catchy name of Philips Solid-State Lighting Solutions. Philips' and CK's LED fixtures and CK's OEM modules will be ultimately co-branded Philips/Color Kinetics.
The merged entity will be headquartered in the new CK facility in Burlington, MA and this site will become Philips' leading global R&D center of innovation for all LED-based fixture/luminaire product lines.
CK has a broad technological portfolio covering important patents relating to intelligence and control technology for LED lighting, with more than 70 patents issued to date. CK also has in excess of 15,000 professional installations worldwide.
This article was published in the August 2007 issue of LEDs Magazine.
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