Philips boosts business

Royal Philips Electronics is boosting its portfolio with a move to acquire Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market.
April 23, 2012 Read time: 2 mins
RSSRoyal 5147 Philips Electronics is boosting its portfolio with a move to acquire 5148 Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market. The deal is still subject to regulatory approvals and other conditions but once official approval has been given, Indal will become a part of the Professional Luminaires business of Philips Lighting. However financial details of the deal have not been disclosed at this stage. The acquisition of Indal will allow Philips to develop its presence in professional lighting solutions and lead the transition to energy-efficient LED-based lighting applications. Indal was established in 1950 as a lighting company and employs approximately 1,000 people over 11 countries, with sales of €156 million in 2010. The company designs, develops and manufactures lighting solutions for professional markets including road applications. The company also has a strong position in LED technology solutions and is headquartered in Valladolid, Spain with a distribution presence in over 60 countries worldwide.

For more information on companies in this article

Related Content

  • Senior Iteris appointment
    July 13, 2012
    Tom Blair, an experienced software industry leader, has joined Iteris and assumed the new position of senior vice president of Iteris’s recently established iPerform group. The group was established in 2011 to focus on the development and deployment of software-based performance measurement and information management solutions. It was expanded with the acquisition of Berkeley Transportation Systems in October 2011, and has since made several key management appointments.
    Read More
  • Australia, New Zealand fleet management systems to reach 1.1 million units by 2020
    August 17, 2016
    The number of active fleet management systems deployed in commercial vehicle fleets in Australia and New Zealand was 0.5 million in quarter four of 2015 according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 16.0 percent, this number is expected to reach 1.1 million by 2020. The fleet management market in Australia and New Zealand is today influenced positively by a number of different market drivers including regulatory developm
    Read More
  • Russia looks to ITS to curb congestion and reduce accidents
    May 7, 2015
    Major ITS installations are planned as the Russian capital Moscow grapples with extensive traffic problems. At the end of 2014, Russia’s first complex intelligent transport system (ITS) started easing traffic problems in and around the capital Moscow, following the implementation of the plans by the federal government and the city’s authorities.
    Read More
  • South Africa's first multi-lane free-flow tolling top of the line
    February 3, 2012
    Kapsch's Kjell Arnesson talks about the first multi-lane free-flow tolling project in South Africa. In South Africa, installation is ongoing as part of the Gauteng Freeway Improvement Project (GFIP) of the country's first Multi-Lane Free-Flow (MLFF) tolling system.
    Read More

Highlighted Content