Lumileds

Lumileds Holding B.V.

Type	Private
Industry	Semiconductor
Founded	1999
Headquarters	Amsterdam, Netherlands
Key people	Mark W. Adams, CEO
Products	LEDs, Lighting, Automotive Lighting
Number of employees	9000 (2017)
Website	www.lumileds.com

Lumileds is a global lighting solutions company that develops, manufactures and distributes LEDs and automotive products. Lumileds operates as a private company, having funds affiliated with Apollo Global Management, LLC. It develops lighting solutions for the automotive, mobile, IoT and illumination segments.

Lumileds was formed in November 1999 as a joint venture between Philips Lighting and Agilent Technologies. Upon Philips' acquisition in 2005, Lumileds became a business unit within Philips Lighting and became known as Philips Lumileds Lighting Company.

In March 2015, Lumileds parent company Philips agreed to sell an 80.1 percent stake in the business to the investment fund, Go Scale. In October 2015, Financial Times reported that the Committee on Foreign Investment in the United States (CFIUS) regulatory body may block the $2.9B deal owing to fears of Chinese subversion of the US high-tech sector. The deal was cancelled in January, 2016, due to the CFIUS concerns. CFIUS concerns were based on transfer of gallium nitride semiconductor technology, which is used in LEDs as well as defense applications.

In December 2016, Philips announced that it has signed an agreement to sell an 80.1% interest in Lumileds to certain funds managed by affiliates of Apollo Global Management. Philips retains the remaining 19.9% interest in Lumileds. The transaction was completed in July of 2017, under customary closing conditions, including the relevant regulatory approvals.