Philips, the Netherlands, announced that it has entered into an acquisition agreement with Luce, one of Europe's largest LED lighting manufacturers. This move is considered to be another major move by Philips to promote its strategic positioning in the global LED lighting equipment market.
In the past few years, Philips has made a series of company acquisitions to strengthen its leading position in the LED field. At present, LED lamps manufactured by Philips are not only used for outdoor lighting such as building exteriors, but also actively developers to taste indoor lighting in hotels, office spaces, etc. Philips has also become the leading position of global energy-saving lighting. Philips lighting sources said that it is not possible to continue to cut into the market in China.
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