Business News | Feb 17, 2010

Philips Acquires Luceplan and Now Offers Additional Design LED Luminaires for Consumer Business

Royal Philips Electronics announced today that it has agreed to acquire Italy-based Luceplan SpA, a leading consumer luminaires company in the lighting design segment in Europe. Upon closing of this transaction in the second quarter of 2010, which is subject to certain conditions, Luceplan will become part of the Consumer Luminaires business in the Philips Lighting sector. Financial details of the agreement were not disclosed.

“With the acquisition of Luceplan we are acquiring an iconic design brand in the premium design segment which enjoys higher growth rates and margins than the overall consumer lighting market,” said Allard Bijlsma, Chief Executive Officer of Philips Lighting Consumer Luminaires. “Design will be an important differentiating factor in the consumer luminaires segment, driven by the increased use of LEDs in luminaires, as designers are no longer restricted by the form factor of the legacy incandescent light bulb.”
 
Luceplan’s luminaires portfolio includes table, suspension, wall and ceiling products for residential applications, which are also used in some professional applications. The company was founded in 1978 and is headquartered in Milan, Italy where it employs about 110 employees.
 
“Luceplan’s relationship with Philips reflects shared principles, which seek to address ever changing human needs," said Riccardo Sarfatti, the company’s founder, adding that, “Bringing together design and new light sources - LED above all - is a thrilling project which allows Luceplan to play a key role within Philips in the creation of lighting fixtures.”
 
Differentiation and innovation in the luminaires segment is one of the key pillars of Philips’ strategy for growth in the lighting market. The acquisition of Luceplan adds to Philips’ leading position in the consumer luminaires market and further secures Philips’ position to lead the global shift to energy-efficient lighting and LED-based 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 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, 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 + 4 ?
Your answer:
FEATURED

DAISY – for Modern Glare Free Office Lighting

DAISY – for Modern Glare Free Office Lighting Most people want to work in an office where they don’t constantly have to adjust their field of vision to avoid being blinded by glary lighting. So LEDiL is very pleased to bring to the market DAISY, our beautiful linear solution for modern glare-free office lighting. Designed to make offices look ... Read more »

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 »

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