Philips boosts business

RSSRoyal 5147 Philips Electronics is boosting its portfolio with a move to acquire 5148 Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market. The deal is still subject to regulatory approvals and other conditions but once official approval has been given, Indal will become a part of the Professional Luminaires business of Philips Lighting. However financial details of the deal have not been disclosed at this stage. The acquisition of Indal will allow Philips to develop its presence in professional lighting solutions and lead the transition to energy-efficient LED-based lighting applications. Indal was established in 1950 as a lighting company and employs approximately 1,000 people over 11 countries, with sales of €156 million in 2010. The company designs, develops and manufactures lighting solutions for professional markets including road applications. The company also has a strong position in LED technology solutions and is headquartered in Valladolid, Spain with a distribution presence in over 60 countries worldwide.