Putting the lighting business in a separate company is part of a wider strategy that began with Philips' move out of less profitable consumer electronics and into fast-growing healthcare markets, largely in emerging Asian markets.
Wednesday, October 01, 2014
Breaking with tradition, Philips splits off lighting
Putting the lighting business in a separate company is part of a wider strategy that began with Philips' move out of less profitable consumer electronics and into fast-growing healthcare markets, largely in emerging Asian markets.
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2 comments:
Sounds interesting, Philips breaking off the lighting company to focus on healthcare. The future is going to be a interesting place. Healthcare is a powerful word these days and what does it mean. I honestly do not know what healthcare really means. I know that I get insurance through CMU and if I am sick I go to the health clinic. Just seems that there is no way healthcare is just a little insurance and health clinics. Our country is currently divided on this idea of health care and well that does not seem like it will change any time soon. Health care in expanding markets. Well I will say that I hope that Philips Healthcare will have someone that is watching out for people more then watching the bottom line. Yes there is money to be made but there are also people to help. So we shall see, what happens to this world of Healthcare are we move forward.
This is an interesting turn of events, since Phillips just in the past 8 years acquired Sylvania and Vari*Light.
I guess I understand the desire for a company to move into a more profitable market. I understand that they aren’t the owners of the only name-in-the-game lamp and moving light company anymore, but because they were owned by a large company like Phillips, it did empower the products to say they were backed by a large company, in a way that Ushio and Martin aren’t able to do.
Since really specializing in technical direction, I haven’t been able to stay up to date on who the best name in lighting technology is. I remember Phillips was a decent name backing lighting companys. Let’s hope that this sale and split-up isn’t going to lower the quality of their products.
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