At a meeting with investors and analysts in London, Royal Philips announces the next strategic step to capitalize on fundamental market changes, by creating two market-leading companies focused on the HealthTech and Lighting solutions opportunities. Both companies will continue to benefit from leveraging the Philips brand. With 2013 sales of EUR 15 billion for Philips’ combined HealthTech businesses and EUR 7 billion for the Lighting solutions businesses[1], each company has the scale to fully leverage Philips’ heritage of more than 120 years of innovation.

GE Lighting has been working closely with Vanguard since 2008, it provides high quality and efficient supermarket lighting solutions for Vanguard. Up to 2011, Vanguard has installed GE's T5 Watt-Miser and ConstantColour ceramic metal halide indoor lighting system in many stores in China, and more than 25 branches have been installed with GE's Tetra miniMAX signage lighting system. Xiaowei Shen, OEM Sales Engineer of GE Lighting, said that for the common in-store lighting, the original lighting system consumes much more energy and requires frequent ma...