Philips Follows Siemens in Move to Spin Off Lighting Solutions as Stand-Alone Business

摘要

Royal Philips, Eindhoven, Netherlands, announced last week at a London meeting with investors and analysts that it would separate its HealthTech and Lighting Solutions businesses into two separate companies and concentrate Royal Philips itself on consumer healthcare products and services. The Philips Lighting Solutions business has annual sales of €7 billion (approximately $9 billion) excluding the company's Lumileds (LED components) and Automotive lighting businesses, which were recently spun off into another separate lighting business.