Philips is expecting to expand consumer lighting portfolio with ‘design luminaries’ through the acquisition of Luceplan. Upon closing of this transaction in the second quarter of 2010, which is subject to certain conditions, Luceplan will become part of the Consumer Luminaries business of the Dutch multinational.
Luceplan’s luminaries portfolio includes table, suspension, wall and ceiling products for residential applications, which are also used in some professional applications. The company was founded in 1978 and is headquartered in Milan, Italy where it employs about 110 employees.
Differentiation and innovation in the luminaries segment is one of the key pillars of Philips’ strategy for growth in the lighting market. The acquisition of Luceplan further secures Philips’ position to lead the global shift to energy-efficient lighting and LED-based lighting solutions.
Allard Bijlsma, chief executive officer of Philips Lighting Consumer Luminaries states, “With the acquisition of Luceplan, we are acquiring an iconic design brand in the premium design segment which enjoys higher growth rates and margins than the overall consumer lighting market.” He also added, “Design will be an important differentiating factor in the consumer luminaries segment, driven by the increased use of LEDs in luminaries, as designers are no longer restricted by the form factor of the legacy incandescent light bulb.”
