Ilti Luce, based in Turin, Italy, was founded in 1989 and has since become one of Europe's largest LED lighting manufacturers specialized in indoor lighting solutions for architects designing lighting plans for buildings such as shops and museums. Among the architectural monuments lit by Ilti Luce Are the Vatican Necropolis in Vatican City and the Egyptian museum in Turin, Italy.
The company has around 30 employees, and posted double-digit sales growth with a high-teens profit margin in 2008. This performance is expected to improve moving forward as Ilti Luce will fully start utilizing Philips' distribution channels.
"Ever since Ilti Luce was founded, our strategy has been to offer architects highly advanced lighting solutions," said Carlo Albano, Chief Executive of Ilti Luce. "Becoming part of Philips and being able to measure its state-of-the-art lighting Technology will allow us to further sophisticate and expand our offering to the crucial market for architectural lighting solutions."
When the transaction is closed in the first quarter of 2009 (subject to certain contractual and other conditions such as regulatory approvals), Ilti Luce will become part of the Professional Luminaires business within the Philips Lighting sector.
Since its start two decades ago, Ilte Luce has built a renowned reputation with leading architects, delivering innovative lighting experiences and solutions for the successful growing, high-end architectural market, said Rudy Provoost, Chief Executive of Philips' Lighting sector. We will foster Their creative and entrepreneurial spirit to further enhance our ability to offer unique indoor architectural lighting solutions.
The acquisition of Ilti Luce builds on previous acquisitions in the LED arena, including Color Kinetics, TIR Systems and Lumileds.
Power cables are used to transmit and distribute electric energy. Power cables are often used in urban underground power grids, internal power supply of enterprises, outgoing lines of power stations, internal power supply of industrial and mining enterprises, and underwater power transmission lines across rivers and seas.
In power lines, the proportion of cables is gradually increasing. Power cable is a cable product used to transmit and distribute high-power electric energy in the trunk line of power system.
The structure of power cable is relatively simple, which can be divided into conductor, internal and external insulation layer, sheath, armor layer and protective layer. The conductor is mainly made of copper and aluminum, which is used to conduct current. The insulating layer is usually wrapped around the conductor to isolate the conductor and so on. There are various types of power cables. If they are classified according to voltage, they can be divided into low-voltage, medium voltage, high-voltage, ultra-high voltage and ultra-high voltage cables.
Advantages
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5 The possibility of electric shock is low.
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