AMSTERDAM and HONG KONG – Royal Philips acquired privately-owned NCW Holdings LTD (NCW). Headquartered in Hong Kong and with a manufacturing subsidiary in mainland China, NCW is a designer, manufacturer and distributor of LED, conventional entertainment lighting and lighting control solutions for global markets. No financial details on the transaction were disclosed. NCW will be integrated into the Entertainment business segment of Philips Professional Luminaires, joining such brands as Vari-Lite, Strand and Selecon.
"NCW will further broaden our global portfolio of solutions for the entertainment market," said Rudy Provoost, Philips Lighting CEO. "Furthermore, this acquisition will grow our footprint in the Chinese entertainment market, as well as built further on our leading position in LED lighting solutions."
NCW, founded in 1992 and currently employing some 450 people, specializes in indoor and outdoor theatrical LED lighting and control solutions for the entertainment market. NCW is active throughout Asia, Europe and North America. Over the past few years, the company has seen rapid growth in its lighting business, fuelled by its focus on LED solutions.
The acquisition of NCW follows the purchase of the New Zealand-based professional lighting entertainment company Selecon in 2009. Philips has also made recent acquisitions in China, with the incorporation of healthcare solutions providers Shanghai Apex in 2010 and Shenzhen Goldway in 2008.
For more information, please visit www.philips.com.
