David Ashton
Well-Known Member
AMSTERDAM (DOW JONES)--Royal Philips NV (PHG) announced Wednesday that it has acquired New Zealand-based Selecon, a designer, manufacturer and distributor of professional theatrical and architectural lighting fixtures.
Under the agreement, Philips will acquire the business assets of Selecon New Zealand Limited, Selecon UK Limited, Selecon North America LLC and Aureol Lighting Limited.
No financial details on the transaction were disclosed.
Selecon has become part of the Entertainment Group within the Philips Professional Luminaires business, which also encompasses the Vari-Lite and Strand Lighting business operations.
http://online.wsj.com/article/BT-CO-20090401-701775.html
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