Jump to content

  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, X, and LinkedIn. 

     

Lumileds to Sell Lamps/Accessories Business to First Brands

Counterman

By Counterman
in Auto Parts News

 Share

Recommended Posts

Counterman Contributor

Counterman

Posted
Posted
link hidden, please login to view

link hidden, please login to view
 and 
link hidden, please login to view
 have announced an agreement for First Brands to acquire the Lamps and Accessories business of Lumileds for $238M. Under First Brands, the Lamps and Accessories business will continue to expand its global offerings and position its products and brands in the automotive accessories sector, according to the latest press information.

The sale is expected to close in the 2nd calendar quarter of 2024.

As part of the acquisition, 

link hidden, please login to view
‘ automotive lamps factories in China, Germany and Poland will transfer with the Lamps and Accessories business. Lumileds said it will retain its factories and sites in The Netherlands, United States, Malaysia, Singapore, Germany and Jiaxing, China.

“The automotive OEM lighting go-to-market synergies and conditions that made the union of Lumileds and Philips automotive lighting business so compelling nearly a decade ago have changed as transportation manufacturers have adopted LEDs as their standard light source and traditional automotive light sources have transitioned to primarily an automotive aftermarket business,” said Steve Barlow, Lumileds CEO. “Our Lamps and Accessories and our LED businesses are industry leaders in their respective markets and will be free to focus on the ongoing growth of their unique brands, channels and customers.”

The post

link hidden, please login to view
appeared first on
link hidden, please login to view
.

link hidden, please login to view

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Similar Topics

    • Advance Auto Parts
      Advance Auto Parts Announces Date for First Quarter 2025 Earnings Release and Conference Call
      By Advance Auto Parts
      RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its first quarter ended April 19, 2025, before the market opens on Thursday, May 22, 2025. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, May 22, 2025.
      A live webcast will be available on the company’s Investor Relations website (
      link hidden, please login to view). To join by phone, please  link hidden, please login to view online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID. A replay of the conference call and webcast will be available on the company’s Investor Relations website for one year. About Advance Auto Parts
      Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at 
      link hidden, please login to view.
      Investor Relations Contact:
      Lavesh Hemnani
      T: (919) 227-5466
      E: [email protected]
      Media Contact:
      Nicole Ducouer
      T: (984) 389-7207
      E: [email protected]
      Source: Advance Auto Parts, Inc.

      link hidden, please login to view
    • Auto News
      LKQ Corporation Announces Results for First Quarter 2025
      By Auto News
      link hidden, please login to view
    • OReilly Auto Parts
      O’Reilly Automotive, Inc. Reports First Quarter 2025 Results
      By OReilly Auto Parts
      SPRINGFIELD, Mo., April 23, 2025 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its first quarter ended March 31, 2025.

      link hidden, please login to view
    • NAPA
      Genuine Parts Company Reports First Quarter 2025 Results and Reaffirms Full-Year Outlook
      By NAPA
      link hidden, please login to view
    • Dorman Products
      The real reason why the negative battery cable is disconnected first and connected last
      By Dorman Products
      The real reason why the negative battery cable is disconnected first and connected last

×
×
  • Create New...