Image courtesy of Philips Lighting
Philips recently introduced a new line of outdoor and area lighting using its Hue color-tunable technology.
Philips recently introduced a new line of outdoor and area lighting using its Hue color-tunable technology.
Philips recently introduced a new line of outdoor and area lighting using its Hue color-tunable technology.
Philips recently introduced a new line of outdoor and area lighting using its Hue color-tunable technology.
Philips recently introduced a new line of outdoor and area lighting using its Hue color-tunable technology.

Philips Lighting to Become Signify

March 16, 2018
The company will keep Philips Lighting brand for products.

Lighting manufacturer Philips Lighting, Eindhoven, the Netherlands, will change its name to Signify. The company will continue to use the iconic Philips brand on products under the existing licensing agreement with Royal Philips. “The choice of our new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning,” said a company press release.

"We're excited to announce our new company name as another step in our transformation journey," said Eric Rondolat, CEO of Philips Lighting, in the release. "Our new company name is a clear expression of our strategic vision and a fabulous opportunity to introduce a new corporate look and feel that is uniquely our own and will serve to further unite our 32,000 employees. At the same time, we remain proud to continue to use the Philips brand on our products."

Philips Lighting's roots date back more than 125 years to the business founded by Frederik and Gerard Philips in 1891 in the Dutch town of Eindhoven. Throughout its history, the company has been at the forefront of many of the lighting industry's major advancements.

The new company name satisfies the company's contractual requirements under the Company Name License Agreement with Royal Philips, which requires that it changes less than 18 months after Royal Philips no longer has a controlling interest. A proposal to amend the articles of association of Philips Lighting N.V. will be submitted to the Annual General Meeting of Shareholders to be held on May 15. The Philips Lighting stock exchange ticker will remain LIGHT.