May 27, 2016 4:06 PM ET

Electrical Equipment

Company Overview of Philips Lighting B.V.

Company Overview

Philips Lighting B.V. designs and manufactures lighting equipment. It offers incandescent and halogen lamps, compact and normal fluorescent lamps, high-intensity gas-discharge and special lamps, fixtures, ballasts, lighting electronics, automotive lamps, and batteries. The company was founded in 1972 and is based in Eindhoven, the Netherlands. Philips Lighting B.V. operates as a subsidiary of Koninklijke Philips N.V.

Mathildelaan 1

Eindhoven,  5600 JM

Netherlands

Founded in 1972

Phone:

31 402 75 58 93

Fax:

31 402 75 60 38

Key Executives for Philips Lighting B.V.

Chief Executive Officer
Age: 68
Compensation as of Fiscal Year 2015.

Philips Lighting B.V. Key Developments

Philips Lighting B.V. Reports Earnings Results for the First Quarter Ended March 31, 2016

Philips Lighting B.V. reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales of EUR 1,702 million against EUR 1,727 million a year ago. Income from operations was EUR 77 million against EUR 55 million a year ago. EBITA was EUR 100 million against EUR 81 million a year ago. Adjusted EBITDA was EUR 121 million against EUR 110 million a year ago.

Aisle411 Partners with Philips on Supermarket Lighting

Aisle411 is partnering with Philips Lighting in its new system that uses lights as a positioning system to allow customers with smartphones to access new location based services. Philips is partnering with Aisle411, led by co-founders Nathan Pettyjohn and Matthew Kulig, to deliver a comprehensive end-to-end capability, including professional services such as digital store mapping, product search and analytics. Terms of the deal weren't immediately available.

Philips Lighting Reportedly Mulls Listing For Lighting Arm

Philips Lighting B.V. reportedly is seeking listing. Philips Lighting is pushing ahead with plans for a bumper stock market float of its lighting arm. Philips Lighting has recently appointed The Goldman Sachs Group, Inc. (NYSE:GS) and JP Morgan (JPM.N)as so-called global co-ordinators to lead an Amsterdam listing of the division, The Daily Telegraph understands. If Philips proceeds with a float, the unit is expected to be valued at around €5 billion. A spokesman for Philips said, “As we have said before, Philips is reviewing all strategic options for Philips Lighting, including an initial public offering and a private sale. There is no preferred option and no decision will be made until the first half of 2016.”

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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