Indal, Phillips announce agreement
July 13, 2011, Valladolid, Spain, and Amsterdam, the Netherlands – Indal
has announced it has entered into an agreement to be integrated with
Royal Philips Electronics.
July 13, 2011, Valladolid, Spain, and Amsterdam, the Netherlands – Indal has announced it has entered into an agreement to be integrated with Royal Philips Electronics.
Indal is a leading Spanish professional luminaires company focused on outdoor lighting solutions. The transaction will fuel further development in the professional lighting solutions and create a platform for growth in the European market. The transaction is subject to regulatory approvals.
"Indal and Philips have always had an excellent relationship," said Sebastian Arias, CEO and chairman of the board of Indal. "Now with this agreement, we will join forces, pooling our technologies, our experienced teams and best practices to strengthen our joint capabilities and lead the LED revolution, offering further value to our customers."
"Philips works with its customers to deliver total lighting solutions that control light to create functional, beautiful and safe environments, enabling people to experience light in a whole new way," said Marc de Jong, general manager of Professional Luminaires at Philips Lighting. "Indal's capabilities in delivering lighting solutions make it a natural fit with Philips, further strengthening our ability to offer our customers integrated and high-value options for professional lighting."