Agilent Technologies has completed the sale of its stake in high-power LED maker Lumileds Lighting International B.V. to Royal Philips Electronics for approximately $950 million, plus repayment of $50 million of debt from Lumileds.
The divestiture is one in a series of actions announced by Agilent on August 15, 2005, designed to enhance the company's focus as a pure-play measurement company.
For more details, see Philips takes control of LED maker Lumileds Lighting and Analysis: Philips acquires controlling stake in Lumileds.
Agilent has also sold its semiconductor division, including its LED business, to two private equity companies -- Kohlberg Kravis Roberts & Co. of New York City and Silver Lake Partners of Menlo Park -- for $2.66 billion.
