Lumileds to sell its Lamps and Accessories Business to First Brands Group

News Source: 

Lumileds will focus on its LED and MicroLED innovation and leadership in the automotive, general illumination, display, and flash markets

San Jose, CA – May 17, 2024 – Lumileds, LLC, one of the world’s leading LED manufacturers and solution providers for the global automotive, illumination, display, and flash markets and First Brands Group, LLC (“First Brands”), a global automotive parts manufacturer that serves the worldwide automotive aftermarket, have entered into an agreement for First Brands to acquire the Lamps and Accessories business of Lumileds for $238M. Under First Brands, the Lamps and Accessories business will continue to expand its global offerings and position its products and leading brands in the automotive accessories sector.

“The automotive OEM lighting go-to-market synergies and conditions that made the union of Lumileds and Philips automotive lighting business so compelling nearly a decade ago have changed as transportation manufacturers have adopted LEDs as their standard light source and traditional automotive light sources have transitioned to primarily an automotive aftermarket business,” said Steve Barlow, Lumileds CEO. “Our Lamps and Accessories and our LED businesses are industry leaders in their respective markets and will be free to focus on the ongoing growth of their unique brands, channels, and customers.”

The sale is expected to close in the 2nd calendar quarter of 2024.

As part of the acquisition, Lumileds automotive lamps factories in China, Germany, and Poland will transfer with the Lamps and Accessories business. Lumileds will retain its factories and sites in The Netherlands, United States, Malaysia, Singapore, Germany and Jiaxing China.

Citi acted as financial advisor and DLA Piper acted as legal advisor to Lumileds.


About Lumileds
Lumileds is a global leader in OEM and aftermarket automotive lighting and accessories, camera flash for mobile devices, MicroLED, and light sources for general illumination, horticulture, and human-centric lighting. Our approximately 5,500 employees operate in over 30 countries and partner with our customers to deliver never before possible solutions for lighting, safety, and well-being. Learn more at https://lumileds.com.

About First Brands
First Brands™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands that offer best-in-class technology, industry-leading engineering and manufacturing capabilities, and superior customer service.

 

 Gold+ Member Report

Report Title
Content
Format
Publication
LED Industry Demand
and Supply Database
Demand Market Analysis:
PDF / Excel
1Q (Mid Mar.)
3Q (Early Sep.)
2024-2028 Demand Market Forecast
(Backlight and Flash LED / General Lighting / Agricultural Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck & Scooter / Video Wall / UV LED / IR LED / Micro LED / Mini LED)
Supply Market Analysis:
1. LED Chip Market Value (External Sales, Total Sales)
2. WW New / Accumulated GaN LED and AS/P LED MOCVD Chamber Installations
3. GaN LED and AS/P LED Wafer Market Demand (By Region / By Wafer Size)
4. GaN LED and AS/P LED Wafer Market Demand and Supply Analysis
LED Player Revenue
and Capacity
LED Chip Market Analysis:
PDF / Excel
2Q (Early Jun.)
4Q (Early Dec.)
Top 10 LED Chip Manufacturers by Revenue and Wafer Capacity
LED Package Market Analysis:
LED Package Manufacturers: Total Revenue, LED Revenue, and Capacity Analysis
Top 10 LED Package Players by Revenues in Backlight and Flash LED, Lighting, Automotive, Video Wall, UV LED
LED Industry Price Survey
Sapphire / Chip / Package (Backlight, General Lighting, Agricultural Lighting, Automotive, Video Wall, UV LED,
IR LED, VCSEL)
Excel
1Q (Mid Mar.)
2Q (Early Jun.)
3Q (Early Sep.)
4Q (Early Dec.)
LED Industry
Quarterly Update
Major Players Quarterly Update:
PDF
1Q (Mid Mar.)
2Q (Early Jun.)
3Q (Early Sep.)
4Q (Early Dec.)
EU / U.S.- Lumileds, ams OSRAM, Cree LED
(Smart Global Holdings)
JP- Nichia, Citizen, Stanley, ROHM
KR- Samsung, Seoul Semiconductor, Seoul Viosys
ML- Dominant
TW- Ennostar, Everlight, LITEON, AOT, Harvatek, PlayNitride
CN- San’an, Changelight, HC SemiTek, Aucksun, Focus Lightings, Nationstar, Hongli, Refond, Jufei, MTC, MLS
Micro/Mini LED
Exhibit Report
CES 2024 / Touch Taiwan 2024
PDF
Aperiodically;
<20 Pages

If you would like to know more details , please contact:

Global Contact:
 
ShenZhen:
Grace Li
E-mail :  Graceli@trendforce.com
Tel : +886-2-8978-6488 ext.916
  Perry Wang
E-mail :  Perrywang@trendforce.cn
Tel : +86-755-82838931 ext.6800
Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Speed and precision for home appliances, mobile robots, autofocus for cameras, building automation, inventory management systems, security systems, and virtual barriers Accurate, low-power measurements with rapid response times for superior re... READ MORE

Improved LED performance and the broadest color range provide even greater design flexibility DURHAM, NC – August 1, 2024 –– Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of its higher performance XLamp&r... READ MORE