Philips set to offload majority of LED business for £1.8bn

Jessica Shankleman
clock

Investor GO Scale Capital says it wants to expand presence in energy efficient lighting market

Electronics giant Philips has revealed plans to sell 80.1 per cent of its Lumileds LED lighting arm to investment fund GO Scale Capital, in a deal valued at $2.8bn (£1.8bn). The deal, expected to be...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Octopus Capital raises £100m to fund over 1,000 Zero Bills homes

Octopus Capital raises £100m to fund over 1,000 Zero Bills homes

Octopus Group asset manager reveals fresh Affordable Housing Fund investment, including £50m from Scottish National Investment Bank

Stuart Stone
clock 18 November 2025 • 4 min read
How will the world fund its future? Brazil's push for blended finance in a new era of climate infrastructure

How will the world fund its future? Brazil's push for blended finance in a new era of climate infrastructure

COP30 offers a chance to harness blended finance, carbon markets and national climate plans to accelerate climate action worldwide, writes AECOM's Robert Spencer

Robert Spencer, AECOM
clock 17 November 2025 • 5 min read
SSE unveils £33bn grid, renewables, and flexible generation investment plan

SSE unveils £33bn grid, renewables, and flexible generation investment plan

Energy giant sets out 'fully funded' five year capital investment plan to bolster grid and build 'cleaner, more secure, and more affordable energy system'

Michael Holder
clock 14 November 2025 • 2 min read