Philips Acquires NCW Holdings LTD in China to Expand Global Leadership Position of Professional Lighting Entertainment Solutions

Royal Philips (AEX: PHI, NYSE: PHG) announced that it has acquired the privately owned NCW Holdings LTD (NCW). Headquartered in Hong Kong and with a manufacturing subsidiary in mainland China, NCW is a leading designer, manufacturer and distributor of LED, conventional entertainment lighting and lighting control solutions for global markets. No financial details on the transaction were disclosed.

NCW will be integrated into the Entertainment business segment of Philips Professional Luminaires, adding to an existing portfolio of highly successful entertainment lighting solutions from leading  brands like Vari-Lite, Strand and Selecon.

“NCW will further broaden our global portfolio of solutions for the entertainment market,” said Rudy Provoost, Chief Executive Officer of Philips Lighting. “NCW will add considerably to the palette of creative lighting solutions we can provide customers such as theaters, concert producers, television studios and sports events. Furthermore, this acquisition will grow our footprint in the Chinese entertainment market, as well as built further on our leading position in LED lighting solutions.”

NCW, founded in 1992 and currently employing around 450 people, specializes in indoor and outdoor theatrical LED lighting and control solutions for the entertainment market. NCW is active throughout Asia, Europe and North America. Over the past few years, the company has seen rapid growth in its lighting business, fueled by its focus on LED solutions, a trend that is expected to continue.

The acquisition of NCW follows the purchase of the New Zealand-based professional lighting entertainment company Selecon in 2009. Philips has also made recent acquisitions in China, with the incorporation of healthcare solutions providers Shanghai Apex in 2010 and Shenzhen Goldway in 2008.
 

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.

 - Osconiq E 2835 CRI 90 (QD) expands ams OSRAM's portfolio of lighting solutions that provide very high quality in a new mid-power LED. - In-house Quantum Dot technology ensures outstanding efficiency values of over 200 lm/W, even at... READ MORE

San Jose, CA – July 13, 2021 – Lumileds today introduced its new LUXEON 2835 Commercial LEDs engineered and designed to support the growing demand for a high volume, high-efficacy mid-power LED to serve commercial indoor lighting a... READ MORE