Philips Lighting Is Now Signify
May 17, 2018
Signify N.V., formerly Philips Lighting N.V., has officially launched its new company name.
“The choice of our new company name originates in the way light becomes an intelligent language, which connects and conveys meaning,” says Eric Rondolat, CEO of Signify. “It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for brighter lives and a better world.”
Signify will continue to use the Philips brand for its products, the most trusted lighting brand in the world, under the existing licensing agreement with Royal Philips. The company expects the name change to be implemented in all the countries where it is active by the beginning of 2019.
Founded as Philips in Eindhoven, the Netherlands, the company has been active in the lighting industry for more than 127 years. In 2016, Philips Lighting spun off from Philips, becoming a separate company.
With operations in more than 70 countries and 32,000 people worldwide, Signify generated sales of EUR 7 billion and invested EUR 354 million in Research and Development in 2017.
“We are driven by the principle that light is essential,” says Eric Rondolat. “And by connecting it to networks, software, sensors and IoT platforms, we open the door to a smarter world.”
