PHILPS to accelerate the transformation of U.S.

Washington Holland PHILPS electronics company recently announced that the company has reached an agreement with the United States on the acquisition of lighting equipment manufacturer Genlyte, PHILPS Electronics will be $2 billion 700 million acquisition of the latter. If the acquisition goes well, PHILPS will become the largest lighting company in North america.

PHILPS is the world's largest lighting equipment manufacturers, the third largest medical equipment manufacturers and Europe's largest consumer electronics manufacturers. Since last year, PHILPS launched a series of divestitures surgery, restructuring business. According to reports, through a wide range of Genlyte and North American Lighting customers, the transaction will provide a platform for greater profit growth for PHILPS, and accelerate the application of energy-saving and green lighting technology. PHILPS lighting CEO said, this is an important step in the implementation of its strategy towards PHILPS, such as in the main application areas and solid-state lighting solutions provider, PHILPS will establish its leading position.

Source: Daily worker