M&A Deal Summary

Philips Acquires Lumileds

On August 1, 2005, Philips acquired semiconductors company Lumileds from Agilent and Signify for 1.0B USD

Acquisition Highlights
  • This is Philips’ 1st transaction in the Semiconductors sector.
  • This is Philips’ 5th largest (disclosed) transaction.
  • This is Philips’ 1st transaction in the Netherlands.
Investment Fate
  • Lumileds was divested to a consortium of buyers in 2016 for 2.0B USD.

M&A Deal Summary
Date 2005-08-01
Target Lumileds
Sector Semiconductors
Buyer(s) Philips
Sellers(s) Agilent
Signify
Deal Type Divestiture
Deal Value 1.0B USD

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) 1

Buyer

Philips

Amsterdam, Netherlands
Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 4 of 33
Sector (Semiconductors) 1 of 1
Type (Divestiture) 2 of 3
Country (Netherlands) 1 of 3
Year (2005) 1 of 1
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Heartstream

Seattle, Washington, United States

Heartstream, a maker of portable heart defibrillators designed to improve survival rates from sudden cardiac arrest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Liquavista BV

Eindhoven, Netherlands

Liquavista BV is a developer of electronic display technology called “electrowetting.” Electrowetting technology has the potential to create bright and colorful images that ensure excellent indoor and outdoor readability while using less battery power than traditional displays.

Sell -

Seller(S) 2

SELLER

Agilent

Santa Clara, California, United States
Category Company
Founded 1999
Sector Test/Measurement Equipment
Employees17,600
Revenue 6.8B USD (2023)
DESCRIPTION
Entrance to Agilent's headquarters in Santa Clara, California.
Entrance to Agilent's headquarters in Santa Clara, California.

Agilent is a producer of solutions that includes instruments, software, services, and consumables for the entire laboratory workflow. Agilent's life sciences and applied markets business provide 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 2 of 7
Sector (Semiconductors) 2 of 2
Type (Divestiture) 2 of 6
Country (Netherlands) 1 of 1
Year (2005) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Broadcom

Palo Alto, California, United States

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-18 Eagleware-Elanix

Norcross, Georgia, United States

Eagleware-Elanix rovides system and circuit design software that leads in providing power, speed and accuracy to developers of communication products.

Buy -
SELLER

Signify

Eindhoven, Netherlands
Category Company
Founded 1891
Sector Electrical Equipment
Employees31,219
Revenue 6.7B EUR (2023)
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 (Semiconductors) 1 of 1
Type (Divestiture) 1 of 2
Country (Netherlands) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 LTI

Baldwin Park, California, United States

LTI is a developer, manufacturer, and sells specialty discharge lamps to industrial and theatrical OEM customers and distribution partners worldwide. LTI's xenon and mercury xenon lamps provide very high intensity, pinpoint sources of light for specific user applications, including cinema and video projection, exhibition and architectural lighting, and medical and industrial applications. LTI was founded in 1999 and is based in Baldwin Park, California.

Sell -
Mergr

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