LED Underwater Spotlight is made of 304
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use. Moreover, LED Underwater Spotlights have a
long life, up to 50,000 hours, and are IP68 waterproof, allowing the spotlights
to illuminate and display underwater for a long time.
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It is reported that Philips Automotive Lighting Division supplies automotive lamps to customers such as Volkswagen, Audi and BMW. The combined revenue of the LED and automotive lighting business in 2013 was approximately 1.4 billion euros (approximately RMB 11.9 billion), accounting for 17% of the total revenue of the Philips lighting business.
Philips said that after the merger of the new company, its lighting division will still maintain key customers of the new company, but Philips will seek third-party investors, and does not rule out the possibility of becoming a minority shareholder of the new company.
He Zaihua, a senior researcher at China Investment Consulting, told the Daily Economic News that the current LED industry is highly competitive. Philips can reduce the average cost by expanding production scale, and introducing third-party investors can provide more funds for the company to expand production lines. .
It is understood that the merger is expected to be completed in the first half of 2015, the new company will be led by LumiledsLED current CEO PierreYvesLesaicherre, Philips is expected to spend about 30 million euros for this cost. However, Philips did not announce the valuation of the new company.
Whether the value of Philips will increase the business spin-off, He Zaihua said, "Philips CEO Marriott has said that it plans to reach an annual growth rate of 4% to 6% in revenue and 11% to 12% in the camp. The goal is to expect the company's value to reach around 2 billion euros in the future."
Philips' previous earnings report showed that its first quarter 2014 sales were 5.02 billion euros, down 4.5% year-on-year; net profit was 137 million euros, down 15% year-on-year.
“Philips can better introduce investment partners through the spin-off business, but it will not be associated with other competitive businesses of the company. It is easier for the company to manage and the property rights are more clear.†He Zaihua pointed out that Osram and Philips The business was split from the group, with the aim of scaling up the scale and cost of the LED business to better resist market risks. 
Philips will set up a subsidiary to merge LED and automotive lighting
Yesterday (July 1), "Daily Economic News" reporter learned that on the evening of June 30, the Dutch lighting and medical equipment manufacturer Philips announced that the company will merge its LED components and automotive lighting division as an independent The company may divest this part of the business in the future.