Philips Lighting changes its name to Signify

In line with your transformation process, The company has decided to introduce a new corporate image and change its name to Signify, although it will maintain the Philips brand for its products.

The lighting company Philips Lighting will change its name to Signify although it will continue to use the Philips brand, under the existing license agreement with Royal Philips. As confirmed by the company, The choice of the new name comes from the fact that enlightenment becomes an intelligent language, that connects and conveys meaning.

“We announce our new company name as the next step in our transformation journey. It is a clear expression of our strategic vision and a fantastic opportunity to introduce a new corporate image that expresses our feelings and serves to further unite our 32.000 employees. At the same time, “We remain proud to continue using the Philips brand on our products” Eric Rondolat, CEO de Philips Lighting.

The new name meets the company's contractual requirements under the company's license agreement with Royal Philips, which implies the change in less than 18 months since Royal Philips does not have a majority stake.

In addition, a proposal will be presented to modify the statutes of Philips Lighting N.V. at the General Meeting of Shareholders that will take place on 15 of may.

Philips Lighting's roots go back more than 125 years when Frederik and Gerard Philips founded the company in 1891 in the Dutch city of Eindhoven. Throughout its history, The company has been a leader in introducing the main advances in the lighting industry and, hoy, focus their activity on the market, Led and connected lighting, with the most extensive network of connected lights.