Philips Lighting keeps eye out for a possible buy
Philips Lighting [AMS:PHIA], the Dutch lighting company, is keeping an eye out for a possible acquisition CEO Eric Rondolat told the Dutch daily Het Financieele Dagblad.
Rondolat said that his company will make an acquisition when the right opportunity arises and that it’s possible that Philips Lighting will announce a deal by the year-end.
The CEO didn’t provide further details on the opportunities.
In the interview Rondolat looked back at the IPO of Philips Lighting a year ago and said it was the right choice to make, he said.
Philips Lighting went to the stock market on May 29 last year. Since then the price of a share in the company increased from EUR 20 to EUR 33 per share, the report said. The company employs 34,000 staff worldwide.