Business News
Philips takes over LED-light producer Ilti Luce
Feb 24, 2009, 7:28 GMT
Amsterdam - Dutch electronics manufacturer Philips is taking over led-light producer Italian Ilti Luce, the Dutch company announced on Tuesday, without releasing financial details.
Ilti Luce produces LED lighting for commercial spaces such as stores and museums. The Italian company has 30 employees.
The transaction would be completed by the end of the first quarter of 2009, Philips said.
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