Philips to Split off Lighting Unit

Royal Philips

Royal Philips NV has announced plans to separate its lighting unit so that the company can focus on more profitable health care equipment and consumer goods. Philips is the world’s largest lighting company.

Media reports indicate that its lighting operations will become a standalone company with 7 billion euros in revenue, as Philips considers ownership options, including an initial public offering. Siemens AG made a similar move a year ago. “Giving independence to our lighting solutions business will better enable it to expand its global leadership position and venture into adjacent market opportunities,” said Philips CEO Frans Van Houten in a telephone news conference. The company employs about 112,000 people worldwide.

These shifts are attributed to stiff competition, an industry move towards LEDs, which are more energy efficient than traditional bulbs, and growing demand for more complex lighting systems and services. 

 

 

 

Related Articles

Changing Scene

Design

  • LEDVANCE: Understanding Light Beam Angles

    LEDVANCE: Understanding Light Beam Angles

    Beam angle is important in lighting design. It determines how light spreads within a space and influences both functionality and atmosphere. By understanding beam angles, you can achieve both adequate coverage and visual appeal. This guide explains why beam angle matters, how it affects different types of lighting, where it is applied, and what to… Read More…

  • Canada Light Expo: Energy Efficient Lighting Solutions for Modern Businesses

    Canada Light Expo: Energy Efficient Lighting Solutions for Modern Businesses

    In today’s competitive business landscape, organizations are constantly seeking ways to reduce operational costs, improve sustainability, and foster productive work environments. Among the most impactful yet often overlooked areas of optimization is lighting. As businesses strive to balance profitability with environmental responsibility, energy efficient lighting has emerged as a strategic investment rather than just a utility… Read More…

New Products

  • Toronto LightWorks: Introducing Optico Neon 3D by LEDFlex Group

    Toronto LightWorks: Introducing Optico Neon 3D by LEDFlex Group

    Designed to deliver precise, uniform illumination across curved surfaces, Optico Neon 3D combines advanced dual-bending technology with integrated optics for exceptional architectural flexibility. Available in a range of colour temperatures, RGB, RGBW, and pixel-controlled options, it empowers designers to create striking visual experiences while maintaining exceptional light control. With an IP67-rated silicone-encapsulated construction and anti-glare… Read More…

  • SATCO|NUVO: Trimless Surface Mount Fixtures – 5” & 7” CCT Selectable

    SATCO|NUVO: Trimless Surface Mount Fixtures – 5” & 7” CCT Selectable

    SATCO|NUVO’s LED Trimless Surface Mount Fixtures combine clean, modern aesthetics with versatile performance for a refined lighting solution. Designed with a seamless, trimless outside edge, these fixtures deliver a sleek, low-profile look that blends effortlessly into the ceiling plane. A frosted lens ensures smooth, even light diffusion, while 5 CCT selectability (2700K–5000K) allows for easy… Read More…