Philips Lighting becomes Signify

Breaking News May 17, 2018 17:05

By The Nation

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Philips Lighting has changed its name to Signify in a global rebranding exercise.

“The choice of our new company name originates from the way light has become an intelligent language, which connects and conveys meaning,” said Eric Rondolat, CEO of Signify. “It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for brighter lives and a better world.”

The company expects the name change to be implemented by the end of the year. 

Founded as Philips in Eindhoven in the Netherlands, 127 years ago, in 2016 the lighting firm spun off from Philips, becoming a separate company, listed on Amsterdam’s Euronext Stock Exchange. 

With operations in more than 70 countries and 32,000 staff worldwide, the firm said it generated sales of €7 billion in 2017.

“We are driven by the principle that light is essential,” Rondolat added. “And by connecting it to networks, software and cloud computing, we open the door to a smarter world where light delivers value beyond illumination.”

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