Philips buys Spanish lighting firm Indal

29th June 2011, Comments 0 comments

Dutch electronic giant Philips said Wednesday it had agreed to buy Spanish professional lighting company Indal.

Philips announced the deal in a statement issued in Amsterdam but did not give financial details.

Based in Valladolid and established in 1950, Indal employs around 1,000 people in 11 countries and clocked up sales of 156 million euro (215 million US dollars) last year.

Its products are being distributed in 60 countries worldwide.

© 2011 AFP

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