To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
 
  •  

Philips to acquire Genlyte for $ 2.7 billion

 [IST]
Print This Page
Comment on This Article
A A A

Amsterdam, Nov 26: Dutch Philips Electronics said on Monday it has reached a deal to buy U.S. light maker Genlyte for $2.7 billion (1.8 billion euros), reinforcing its presence in the North American lighting products market.

''This deal deepens our contacts to end users, such as wholesalers, contractors, architects and lighting designers, helping us speed up the market rollout of more energy efficient lighting and the introduction of new lighting technologies, like solid state lighting,'' Theo van Deursen, chief executive of Philips Lighting said in a statement.

Philips is the world's biggest lighting maker, a top three hospital equipment maker and Europe's biggest consumer electronics producer.


Reuters
>
Topics: philips electronics, genlyte, united states, acquisition
Other articles published on November 26, 2007
Close
 

Philips to acquire Genlyte for $2.7 billion

Monday, November 26, 2007,13:37 [IST]
Amsterdam, Nov 26: Dutch Philips Electronics said on Monday it has reached a deal to buy U.S. light maker Genlyte for $2.7 billion (1.8 billion euros), reinforcing its presence in the North American lighting products market. ''This deal deepens our contacts to end users, such as wholesalers, contractors, architects and lighting designers, helping us speed up the market rollout of more energy efficient lighting and the introduction of new lighting technologies, like solid state lighting,'' Theo van Deursen, chief executive of.....
Read More

Philips announces acquisition of Meditronics

Friday, November 21, 2008,15:33 [IST]
Mumbai, Nov 21: Philips Electronics, a global leader in Healthcare, Consumer Lifestyle and Lighting, on Friday, Nov 21 announced the acquisition of Meditronics, a leading manufacturer of General X-Ray systems targeting the economy segment in India. Royal Philips Electronics President and Chief Executive Officer Gerard Kleisterlee, in a statement issued here today said, ''It is estimated that the General X-Ray segment of the Indian market will show annual growth rates of 10 per cent or higher. This acquisition gives Philips access to.....
Read More
Connect with

No plan for job-cuts, but shifting resources: Philips

Friday, November 21, 2008,14:34 [IST]
New Delhi, Nov 21: On Friday, Nov 21 Netherland-based Philips Electronics said it has no plan for across the board job-cuts but was shifting resources to developing countries from developed countries. ''We have no plans for across the board job-cuts but are shifting resources to developing countries from developed countries,'' company President and CEO Gerard Kleisterlee said while talking to reporters in the capital. However, he did acknowledge the fact that the global turmoil has taken a toll on the company also......
Read More
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login
Gallery - Videos