US$2.7 billion acquisition of US lighting company Philips accelerates transformation

On the 11th, Philips Electronics of the Netherlands announced that the company had reached an agreement with the American lighting equipment manufacturer Genlyte on the acquisition, and Philips Electronics will acquire the latter for US$2.7 billion. If the acquisition goes well, Philips will become the largest lighting company in North America.

Philips is the world's largest lighting equipment manufacturer, the third largest medical equipment manufacturer and the largest consumer electronics manufacturer in Europe. Since last year, Philips has launched a series of asset-stripping operations that have shocked the industry.

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Packaging details:
Plastic packing bags inside, Carton box outside
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Delivery Time
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