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Lumileds completes sale of Lamps and Accessories business to First Brands Group
What happened
Lumileds has completed the sale of its Lamps and Accessories business to automotive aftermarket parts maker First Brands Group. This divestiture allows Lumileds to focus resources on its core LED components business. Watch: The deal reshapes the competitive landscape for automotive lighting components but does not directly alter supply or demand fundamentals in the near term.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
LED LampsAutomotive Lighting
Lumileds LLCFirst Brands Group LLC
madivestitureautomotive
Source and time
Source: Semiconductor Today · 8/5/2024 · View original source
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