Holland, a company to take over the assets of PHILPS bicycle lighting products

According to foreign media reports, Holland bicycle manufacturer Spanninga group has taken over the relevant assets of PHILPS bicycle lighting products LED. Spanninga said it would not sell PHILPS brand lighting products in the market, but will take advantage of the assets to strengthen its own product line.

Back in December 2009, PHILPS began to produce and sell bicycle lighting products. About 5 years later, PHILPS stopped the production activities, and the Spanninga Group signed an agreement on the transfer of assets, on March 26, 2015 formally entered into force.

After the completion of the handover, the production of the original PHILPS brand products will be transferred to the Spanninga group in China, a subsidiary of the state of mind bicycle parts (Foshan) Co., ltd.. At present, it is not yet clear what the former subsidiary of Foshan PHILPS products will be produced, the same, the design of these lighting components have not been determined.

Spanninga group was founded in 1918, headquartered in Holland, has been committed to all kinds of high quality and high performance bicycle light engineering development, scientific research, production, sales and service in one of the large multinational international group. (compile /LED net Flora)

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