“We congratulate Signify for this important step in their successful transformation journey,” said Frans van Houten, CEO of Royal Philips. “And of course, we are proud that the trusted Philips brand will remain the constant factor on all their lighting products.”
Following Philips’ strategic decision to create two fit for purpose companies, Philips Lighting was listed as a separate company on the Euronext Amsterdam Stock Exchange in 2016. The company is the world leader in lighting with innovations that serve professional and consumer markets. Headquartered in the Netherlands, Signify has operations in more than 70 countries, employs 32,000 people worldwide, and generated sales of EUR 7 billion in 2017.
See Signify’s press release for more information.