Boosted by good sales coming from emerging markets like India and China, Philips today said it will look for acquisitions in the Asia-Pacific region to maintain its growth momentum for its lighting business.
“The emerging markets, in Asia particularly, the adoption rate of LEDs is even faster. So, we feel that we need to catch up and be prepared with the growth through partnerships, future acquisitions, through close relationships and other infrastructure projects,” Philips Lighting Asia Regional Director Nigel D’ Acre told PTI. Read the entire story.