Philips expands portfolio to deliver customized energy-efficient lighting solutions through Optimum Lighting acquisition
By Alyssa Dalton
On January 5, 2011, Royal Philips Electronics announced that it acquired Optimum Lighting LLC, a privately owned company specializing in customized energy-efficient lighting solutions for the office, industry and retail segments.
“Office lighting uses approximately 30% of the total energy consumption in buildings, so there is a great opportunity to upgrade the older inefficient lighting currently used in the majority of buildings to state-of-the-art energy-efficient solutions,” said Rudy Provoost, CEO of Philips Lighting. “The acquisition of Optimum Lighting further strengthens our overall ability to deliver tailor-made turnkey solutions to our customers that provide superior lighting performance, while reducing their operating expenses.”
Founded in 2005, Optimum Lighting manufactures lighting fixtures for energy-efficient products and is headquartered in Henderson, N.C., with approximately 70 employees.
Financial details of the acquisition were not disclosed.