Tag Archives: Frans van Houten

Philips merges Lumileds and Automotive businesses

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Dutch technology giant Philips is merging its Lumileds and Automotive lighting businesses, the company announced today. Both businesses had combined sales of about 1.4 billion euros, roughly $1.9...

Philips Exits Home Entertainment Business

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Philips has announced that it has agreed to sell its audio and video business to Funai Electric Co. Philips has made audio and video items such as home theater speakers, smart phone docking stations...