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Philips Acquires Luceplan in Italy
February 17, 2010... Royal Philips Electronics of The Netherlands has reportedly agreed to acquire Italy-based Luceplan SpA, a consumer luminaires company in Europe's lighting design market. Under the terms of the transaction to take place in the second quarter of 2010, subject to certain conditions, Luceplan will become part of the Consumer Luminaires business in the Philips Lighting sector. Financial details of the agreement were not disclosed.
Luceplan’s portfolio of luminaires includes table, suspension, wall, and ceiling products for residential and commercial applications. The company was founded in 1978 and is headquartered in Milan, Italy where it employs about 110 employees. Royal Philips Electronics News Release Source/Type: Solid State Lighting Design LED Lighting News - News - Staff reports See the Current Industry News Summary
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