Philips Lighting Becomes Signify
The name Signify will now be legally adopted in Malaysia early 2019 to replace Philips Lighting. An amendment of the company’s articles of association will also have its name changed from Philips Lighting N.V. to Signify N.V.
Signify will continue to use the Philips brand for its products, the most trusted lighting brand in the world, under the existing licensing agreement with Royal Philips. The company expects the name change to be implemented in all the countries where it is active by the beginning of 2019.
Founded as Philips in Eindhoven, the Netherlands, we’ve led the lighting industry with innovations that serve professional and consumer markets for more than 127 years. In 2016, we spun off from Philips, becoming a separate company, listed on Amsterdam’s Euronext Stock Exchange. We were included in the benchmark AEX index in March 2018.
With operations in more than 70 countries and 32,000 people worldwide, Signify generated sales of EUR 7 billion and invested EUR 354 million in Research and Development in 2017.
“We are driven by the principle that light is essential,” Eric Rondolat added. “And by connecting it to networks, software, sensors and IoT platforms, we open the door to a smarter world.”
Signify will be a standalone brand with a whole bunch of products under its umbrella, such as Interact and Interact IoT platform. The same applies to the Modular Lighting Intruments and Luceplan. Meanwhile, Philips LED Lighting, Philips Hue (the one we reviewed here), will also park under Signify as well.
It makes sense to have every lighting brand with the same parent company to be unified under one name. However, the transition period will definitely be difficult.
