[High-tech LED News] Royal Philips Electronics of the Netherlands recently announced the profit warning of lighting business. Due to the sharp drop in demand for electrical products in Europe, the profit of Philips Lighting's Q2 is expected to drop from EUR 210 million in the same period in 2010 to around EUR 85 million. .
Philips said that the main reason for Western Europe is facing government measures, the growth of the construction industry in mature markets is slowing down, and consumer demand is weak, which has affected the lighting industry.
Philips announced that it will acquire Spanish lighting manufacturer Indal Group to support the company's lighting operations in Europe, but did not disclose details of the acquisition.
It is reported that Indal Group mainly designs and develops road lighting equipment, industrial lighting equipment and flood lighting equipment. It currently has about 1,000 employees and its sales revenue in 2010 was 156 million euros. The company, Philips, hopes the acquisition will strengthen its strategy and improve its position in the professional lighting sector.
Philips said that the main reason for Western Europe is facing government measures, the growth of the construction industry in mature markets is slowing down, and consumer demand is weak, which has affected the lighting industry.
Philips announced that it will acquire Spanish lighting manufacturer Indal Group to support the company's lighting operations in Europe, but did not disclose details of the acquisition.
It is reported that Indal Group mainly designs and develops road lighting equipment, industrial lighting equipment and flood lighting equipment. It currently has about 1,000 employees and its sales revenue in 2010 was 156 million euros. The company, Philips, hopes the acquisition will strengthen its strategy and improve its position in the professional lighting sector.
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