Search
Menu
Cognex Corp. - Smart Sensor 3-24 GIF LB

Philips to Buy Color Kinetics

Facebook X LinkedIn Email
BOSTON, June 19, 2007 -- Boston-based Color Kinetics Inc., a maker of LED lighting systems and technologies, announced today it has approved an acquisition bid by Royal Philips Electronics. Philips, based in Amsterdam, The Netherlands, said it will acquire all of the outstanding shares of Color Kinetics for $34 per share, or a total of approximately $791 million. The acquisition is subject to customary regulatory approvals and is expected to close in the third quarter of 2007. The implied enterprise value of Color Kinetics in this offer is $688 million, taking into account approximately $100 million of cash...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: June 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    ConsumerEmploymentLight SourcesNews & Featuresperformance coatings internationalphotonicsvueguardLEDs

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.