Philips expands its portfolio to deliver customized energy-efficient lighting solutions through the acquisition of Optimum Lighting

Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has acquired Optimum Lighting LLC, a privately owned company specializing in customized energy-efficient lighting solutions for the office, industry and retail segments. This acquisition complements Philips’ customer-centric innovation capabilities and strengthens its global leadership position in professional lighting solutions.

“Office lighting uses approximately 30% of the total energy consumption in buildings, so there is a great opportunity to upgrade the older inefficient lighting currently used in the majority of buildings to state-of-the-art energy-efficient solutions,” said Rudy Provoost, Chief Executive Officer of Philips Lighting. “The acquisition of Optimum Lighting further strengthens our overall ability to deliver tailor-made turnkey solutions to our customers that provide superior lighting performance, while reducing their operating expenses.”

Founded in 2005, Optimum Lighting manufactures a full range of lighting fixtures designed to meet the needs of the growing demand for energy-efficient products. The company excels in the rapid design, building and engineering of customized energy-efficient lighting solutions and the delivery of associated services for the professional market. Optimum Lighting is headquartered in Henderson, North Carolina, USA, with approximately 70 employees. Financial details of the acquisition were not disclosed.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE