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Royal Philips Merges with TIR Systems

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The Dutch company Royal Philips Electronics of Amsterdam has announced that it will acquire TIR Systems Ltd. of Vancouver, British Columbia, Canada, for Can $74 million in cash. The latter manufactures solid-state lighting systems for general illumination, signage and other purposes, which Royal Philips Electronics hopes will allow it to improve its position in the LED-based lighting field.


Photonics Spectra
May 2007
GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BusinessConsumerEmploymentgeneral illuminationLED-based lighting fieldlight speedphotonicssolid-state lighting systems

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