Koninklijke Philips N.V.
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Publicatie datum
06 feb 2007 - 08:35
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips completes acquisition of Partners in Lighting International
Bericht
February 6, 2007
PHILIPS COMPLETES ACQUISITION OF PARTNERS IN LIGHTING INTERNATIONAL
Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that it has completed its acquisition of Partners in Lighting International ("PLI"). PLI is a European market leader in home luminaires. It develops, manufactures and markets a broad portfolio of more than 10,000 distinct home lighting luminaires under brand names such as Massive, TRIO and Lirio, and concepts like Aqua, LED and Cucina.
Together with PLI, Philips will be able to establish a strong presence as an industry shaper in the emerging market for solid state lighting solutions in the home, that will enable consumers to create different lighting atmospheres with energy efficient LEDs.
Under the terms of the agreement, which was announced on November 13, 2006, Philips acquired PLI from CVC Capital Partners, a private equity investment company, at an enterprise value of approximately EUR 590 million, which was paid in cash upon completion. As a result of the transaction, PLI will be financially consolidated with immediate effect within the Lighting division of Royal Philips Electronics.
For more information, please contact:
Jeannet Harpe
Philips Corporate Communications
Tel: +31 20 59 77199
Email: jeannet.harpe@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 121,700 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter.
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Datum laatste update: 27 juli 2024