Business News | Mar 25, 2009

Philips Acquires Lighting Controls Company Dynalite in Australia

Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has acquired Dynalite, a leading maker of lighting controls headquartered in Sydney, Australia. Dynalite has become part of the Lighting Electronics business within the Philips Lighting sector. Financial details of this agreement were not disclosed.
”Sophisticated lighting control systems can provide our customers with significant cost and energy savings. A variety of lighting control methods present a solution to suit any setting, ensuring that energy is not consumed unnecessarily, while providing the user with complete flexibility and control over their environment. As such, the acquisition of Dynalite enables us to further strengthen our offering of integral energy management solutions to major corporations, property developers and hotel groups,” said Rudy Provoost, Chief Executive of Philips’ Lighting sector. “Having a prominent lighting controls business will help us to further capitalize on the growing demand for energy saving solutions. This is fueled by trends towards net zero CO2 buildings and the accelerating global switch to green energy saving solutions, partly enforced by increasing government legislations.”
   
Dynalite was founded in 1989 and has since become a prominent lighting control company with its energy management and building automation, architectural lighting control, home automation and residential applications solutions. The company, with offices in Australia, the U.K., China and Dubai has around 130 employees. Dynalite posted a double-digit profit margin and sales growth in 2008; a performance which is expected to continue in years to come as it starts leveraging Philips’ existing global distribution channels.
  
With the acquisition of Dynalite, Philips significantly expands its existing lighting controls business. The combination will have a prominent position in the global lighting controls industry with an estimated total market value of approximately EUR 2 billion. The acquisition also expands Philips’ green products portfolio, and further secures its position to lead the global shift to energy-efficient lighting solutions
  
About Royal Philips Electronics:
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 121,000 employees in more than 60 countries worldwide. With sales of EUR 26 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
       
About Royal Philips Electronics:
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 121,000 employees in more than 60 countries worldwide. With sales of EUR 26 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
Add comment

You can add a comment by filling out the form below. Plain text formatting. Comments are moderated.

Question: What is 1 + 3 ?
Your answer:
FEATURED

High Volume Laser Diode and VCSEL Testing

High Volume Laser Diode and VCSEL Testing Hitherto established measurement technologies for laser diodes – such as dispersive scanning spectrometry and Fourier-transform infrared spectroscopy (FTIR) – can react sensitively to a production environment. High-resolution array spectroradiometers are effective alternatives that offer multiple ... Read more »

FEATURED

Luxeon V2, the Best Choice for a 2 mm² High Power LED

Luxeon V2, the Best Choice for a 2 mm² High Power LED Lumileds announced breakthrough high power performance with the new Luxeon V2 LED. With the highest performance in its class for output and efficacy, the emitter easily enables DLC Premium performance at the system level. Luxeon V2 utilizes a 2 x 2 mm Chip Scale Package (CSP) in a 3.5 x 3.5 mm ... Read more »

FEATURED

The 22nd China (Guzhen) International Lighting Fair

The 22nd China (Guzhen) International Lighting Fair China (Guzhen) International Lighting Fair is based in China Lighting Capital- Guzhen Town, where thousands of lighting manufacturers lies and is dubbed as the source of lightings. With the help of local government and UBM, the fair has been successfully held for 21 editions. Read more »

EDITORIAL

High Conductive Foils Enabling Large Area Lighting

High Conductive Foils Enabling Large Area Lighting Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology FEP as one of the leading partners for research and development for surface technologies and organic electronics and Sefar AG, a leading manufacturer of precision fabrics from monofilaments, developed a roll-to-roll ... Read more »

page_peel