Lumileds Completes Sale of Lamps and Accessories Business to First Brands Group
02 Agosto 2024 - 9:00AM
Business Wire
Lumileds, LLC, one of the world’s leading LED manufacturers and
solution providers for the global automotive, illumination,
display, and flash markets announces that last month, it completed
the sale of its Lamps and Accessories business to First Brands
Group, LLC (“First Brands”), a global automotive parts
manufacturer.
“The completion of this transaction strengthens Lumileds and
enables the company to focus on our core LED business,” said Steve
Barlow, CEO. “Lumileds is committed to continued collaboration with
our customers to solve market needs, and to producing innovative
LED solutions that drive growth, improve profitability, and
generate value for Lumileds, our customers, and stakeholders
alike.
Citi acted as financial advisor and DLA Piper acted as legal
advisor to Lumileds.
About Lumileds
Lumileds is a global leader in LED and microLED technology,
innovation, and solutions for the automotive, display,
illumination, mobile, and other markets where light sources are
essential. Our approximately 3,500 employees operate in over 15
countries and partner with our customers to deliver never before
possible solutions for lighting, safety, and well-being.
To learn more about our company and solution portfolios, please
visit lumileds.com.
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