Koninklijke Philips Electronics acquires NCW Holdings

Koninklijke Philips Electronics N.V., a Netherlands-based maker of medical systems, consumer electronics, lighting products and semiconductors, has acquired NCW Holdings, LTD., of Hong Kong. NCW Holdings is a designer, manufacturer and distributor of LED, conventional entertainment lighting and lighting control solutions. NCW will reportedly be integrated into the entertainment business segment of Philips Professional Luminaires. NCW has a manufacturing subsidiary in mainland China and currently employs about 450 people. The acquisition of NCW will reportedly add to Philips’ global portfolio of solutions for the entertainment market. The acquisition also expands Philips’ presence in the Chinese entertainment and LED lighting solution markets.