Philips acquires Luceplan

Royal Philips Electronics has acquired Italy-based Luceplan SpA, which will become part of the Consumer Luminaires business in the Philips Lighting sector. Philips Lighting Consumer Luminaires CEO Allard Bijlsma commented: “With the acquisition of Luceplan we are acquiring an iconic design brand in the premium design segment which enjoys higher growth rates and margins than the overall consumer lighting market.