KKR and CVC will acquire 80 shares of Philips Lighting Devices

According to a person familiar with the matter, a consortium of private equity firms KKR and CVC is about to enter into an agreement with Royal Philips to acquire the Philips lighting device business. A source who declined to be named said that KKR and CVC have already proposed to subscribe for 80 shares of the Philips lighting device business. The entire business is valued at about 2.5 billion euros, and Philips will retain the remaining 20 shares. Sources continue to say that Philips may announce deals with KKR and CVC as soon as next week, but competitors may still raise bid prices before the final results are announced. BainCapital, once a strong competitor in the intended buyer, said the source said it was no longer involved in the competition. As for Crystall Optoelectronics, which was rumored to be interested in acquiring Philips' lighting equipment business last week, sources said that it offered a price 15 higher than KKR and CVC, and Philips may be more willing to cooperate with KKR and CVC. Last week, Crystal Energy denied the acquisition, saying that we did not make an acquisition. At the same time, domestic news shows that Hong Kong enterprises Shunfeng Clean Energy announced that it will acquire 51 shares of Jingneng Optoelectronics. It seems that Jingneng Optoelectronics' acquisition of Philips Lighting Devices business is not practical.

Terry Towel Warp Knitting Machine

Terry Towel Warp Knitting Machine is a highly-speed warp knitting machine, which running speed could up to 1,300RPM. Thanks to advanced technology and carbon fiber material widely used, warp knitting terry towel machine becomes more stable and higher productive compared with other terry machines.

A-ZEN TS4-C terry towel warp knitting machines, which also be called KS4FBZ, is equipped with Germany Needles, Carbon-fiber Needle bed and bars, laser-stops device as well as other market-tested spare parts, because of which A-ZEN terry towel machines gain a market acceptance since last 4 years.

Piles of warp knitting terry could reach to 6mm while back side of terry could be 3-4mm. The weight of warp knitting terry usually from 200-400gsm. Microfiber Polyester, Polyamaid and cotton yarn are available in warp knitting terry machine.

Technical Data:

Working Width/Gauge: 186"/ E24;

Working Speed: 50-1300rpm (Depends on yarn and designs);

Pattern Drive System: Pattern Disc or EL Drive (Optional);

Yarn Let-off Device: Electronical Yarn Let-off System;

Fabric Take-up: Electronical Fabric Take-up System;

Batching Device: Electronical Batching Device;

Laser Stops Detector;

Individual Terry Pile Brushing Device;

Online Service Supported.

Details please check machine leaflet.

Terry Towel Warp knitting machine,Terry machine,Microfiber towel machine

CHANGZHOU A-ZEN TEXTILE TECHNOLOGY CO.,LTD , https://www.tricotmachinery.com