Under the terms of the agreement, Philips will acquire the business assets of Selecon New Zealand Limited, Selecon UK Limited, Selecon North America LLC and Aureol Lighting Limited. The companies did not disclose any financial details of the transaction.
The acquisition of Selecon follows the acquisition of Italy-based Ilti Luce Srl, one of the leading LED design companies in Europe for architectural indoor lighting, just over a month ago, and is the second such announcement in the Pacific region in as many weeks following last week’s acquisition of Australia-based lighting company Dynalite.
“Selecon’s highly acclaimed luminaries for the theatrical and architectural markets will further strengthen the breadth of solutions Philips can offer to important professional customers such as performing arts centers, churches, convention centers and hotels,” said Rudy Provoost, chief executive of Philips’ lighting sector.
