Philips Acquires Optimum Lighting

Philips has acquired Optimum Lighting, enhancing its leadership in energy-efficient solutions.

The deal strengthens Philips’ ability to offer tailored lighting innovations that improve efficiency and reduce costs for offices, industries, and retail spaces.

Understanding the impact of M&A transactions - The Optimum Lighting example

Royal Philips Electronics has acquired 100% of the shares of Optimum Lighting LLC.

Optimum is a privately owned company specialising in customised energy-efficient lighting solutions for the office, industry and retail segments.

This acquisition complements Philips’ customer-centric innovation capabilities and strengthens its global leadership position in professional lighting solutions.

Rudy Provoost, CEO of Philips Lighting said: “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.”

“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.”

 

About the Seller

Founded in 2005, Optimum Lighting was a manufacturer of energy-efficient lighting fixtures. Optimum specialised in customised solutions of fluorescent fixtures for retail, industrial, commercial and warehouse applications.

Headquartered in Henderson, North Carolina, Optimum employed approximately 70 people.

About the Purchaser

Royal Philips Electronics of the Netherlands  is a diversified health and wellbeing company, focused on improving people’s lives through timely innovations.

As a world leader in healthcare, lifestyle, and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. 

In 2014, Philips announced a spin-off IPO of its lighting division, which completed in 2016 on the Amsterdam Euronext for $3.4bn (25% of shares only). 

In 2018, Philips changed the name of the demerged division to Signify Lighting, which went on to make further acquisitions. 

Mark Sapsford advised the shareholders of Optimum Lighting. 

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