NEW YORK (The Deal) -- Royal Philips said on Tuesday it will split off and consider a sale of its €7 billion ($9 billion) lighting unit in order to focus on its larger health and consumer lifestyles businesses to capitalize on an expected convergence in the markets for professional and consumer healthcare equipment and services.
Similar Stories to Philips Moves Its Focus To Healthcare As It Splits Off Lighting on Bing News
twocents@thestreet.com (Renee Cordes ), The Street
Tue, 09/23/2014 - 6:28am
Topics: york the deal royal philips amsterdam-based healthtech led philips ceo frans houten april london euronext amsterdam ebita he philips philips focus lighting company expects billion services consumer million additional growth unit capitalize products expected markets annual equipment systems sales capital
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