GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners, announced today that it will acquire an 80.1 percent interest in Philips' combined LED components and Automotive lighting business, with Philips retaining the remaining 19.9 percent interest.
The new owners of Lumileds will acquire a company that began 2015 in a strong position, after gaining market share in 2014. According to the IHS LED Intelligence Service, while the overall packaged LED revenue only grew by single digits from 2013 to 2014, Lumileds surged ahead, with an estimated growth of over 20 percent. Along with MLS, based in China, Lumileds was one of only two of the top 10 suppliers to record growth of more than 20 percent. Lumileds's market share increased from 5 percent in 2013 to 6 percent in 2014.
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