Philips Aims at Acquisitions in the Asia-Pacific Region

Currently, Philips has announced it will seek for acquisitions in the Asia-Pacific region as a part of the company's strategic to keep up with its growth momentum for its lighting business.

According to Philips Lighting Asia Regional Director Nigel D' Acre, the adoption rate of LEDs in the emerging markets, especially in Asia, was even faster. As a result, they felt that they need to catch up and be prepared with the growth through partnerships, future acquisitions, through close relationships and other infrastructure projects.

In D' Acre‘s opinion, the global LED light market is estimated at over 1 billion euros and is expected to touch 12 billion euros in 2015. With Asia Pacific taking the lead, LED-based lighting across emerging markets will play a key role to drive the growth.

It’s said Asia-Pacific region include Selecon in New Zealand, NSW in China/HK SAR and Dynalite in Australia have joined the acquisitions.

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 – 17 June 2022: Nichia, the world’s largest LED manufacturer and inventor of high-brightness blue and white LEDs, announces the addition of the Direct Mountable Chip Series (Part Number: NVSWE21A-V1) to the portfol... READ MORE

DURHAM, N.C.--(BUSINESS WIRE)--Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of XLamp® Element G LEDs, delivering a new product class with unmatched light output and efficiency for LEDs of this size. The... READ MORE