Koninklijke Philips N.V.
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Publicatie datum
13 nov 2006 - 15:39
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to acquire PLI, the leading European player in European Luminaires
Bericht
13 November 2006
PHILIPS TO ACQUIRE PLI, THE LEADING EUROPEAN PLAYER IN HOME LUMINAIRES
Strategic move to enter new market segment via extension of sales channels, and to capture a leading position in solid-state lighting for the home.
Amsterdam, The Netherlands and Kontich, Belgium – Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced that they have reached an agreement for Philips to acquire Partners in Lighting (PLI), the leading European manufacturer of home luminaires. PLI markets its products under brand names such as Massive, Cucina and Aqua. Subject to receipt of regulatory approval, Philips will acquire PLI from CVC Capital Partners, a private equity investment company, at an enterprise value of approximately EUR 590 million to be paid in cash upon completion of the transaction. The transaction is expected to close in the first quarter 2007.
PLI develops, manufactures and markets a wide portfolio of more than 10,000 distinct home lighting luminaire products currently mainly for the European market. PLI’s revenue for 2006 is expected to be around EUR 400 mln with a comparable growth rate of 6%. Philips Lighting expects the transaction to be accretive to its operating margin from 2008 onwards.
“This is a strategic move for us to confirm our leadership position in solid state lighting, in particular for the home where energy-efficient LED solutions and creating atmospheres will be the name of the game,” said Theo van Deursen, CEO of Philips Lighting. “PLI entrepreneurship, design innovation and 25% renewal rate of its products each year made them a true market driven company, responding to market and consumer lifestyle trends,” he added. “This acquisition, and PLI’s strong record of growth and margins, perfectly fits in our ambition to shape the lighting industry with a growth of 6%, while maintaining a margin around 12%,” he said.
“Through Philips’ broad expertise in lighting, its wide capabilities in LEDs, and extensive global reach and resources,
Datum laatste update: 02 februari 2026