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M&A Deal Summary

Agilent and Signify Acquire Lumileds

On November 1, 1999, Agilent and Signify acquired electrical equipment company Lumileds

Acquisition Highlights
  • This is Agilent’s 1st and Signify’s 1st transaction in the Electrical Equipment sector.
  • This is Agilent’s 1st and Signify’s 1st transaction in the Netherlands.
Investment Fate
  • Lumileds was divested to a consortium of strategic buyers in 2005 for 1.0B USD.
  • Lumileds was divested to a consortium of buyers in 2016 for 2.0B USD.
  • Lumileds went bankrupt in 2022.

M&A Deal Summary
Date 1999-11-01
Target Lumileds
Sector Electrical Equipment
Buyer(s) Agilent
Signify
Deal Type Joint Venture

Target

Lumileds

Schiphol, Netherlands
Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

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Buyer(S) 2

Buyer

Agilent

Santa Clara, California, United States
Category Company
Founded 1999
Sector Test/Measurement Equipment
Employees17,600
Revenue 6.5B USD (2024)
DESCRIPTION
Entrance to Agilent's headquarters in Santa Clara, California.
Entrance to Agilent's headquarters in Santa Clara, California.

Agilent produces instruments, software, services, and consumables solutions for the entire laboratory workflow. The company's life sciences and applied markets business provides application-focused solutions that include instruments and software that enable customers to identify, quantify, and analyze the physical and biological properties of substances and products, as well as enable customers in the clinical and life sciences research areas to interrogate samples at the molecular level. Agilent was founded in 1999 and is based in Santa Clara, California.

DEAL STATS #
Overall 1 of 38
Sector: Electrical Equipment M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 1999 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-18 Qosnetics

Portsmouth, New Hampshire, United States

Qosnetics was established in 1995 and has become a leading provider of internetworking test solutions that improve the quality, performance and reliability of new classes of Internet-related equipment, networks, and Quality of Service products. Qosnetics has 32 employees, located in Portsmouth, N.H.

Buy -
Buyer

Signify

Eindhoven, Netherlands
Category Company
Founded 1891
Sector Electrical Equipment
Employees29,456
Revenue 6.1B EUR (2024)
DESCRIPTION

Signify engages in the manufacture and wholesale of lighting products for industrial, commercial, and consumer markets. Signify was founded in 1891 and is based in Eindhoven, Netherlands.

DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Lumileds

Schiphol, Netherlands

Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

Sell $1.0B
Mergr

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