Royal Philips Electronics has acquired The Bodine Co., a Collierville, Tenn.-based manufacturer of emergency ballasts. The transaction is completed. No further financial details were disclosed.
Bodine will be fully integrated as a business unit within Philips Lighting, but their commercial activities will continue to be operated under the Bodine structure. Bodine’s revenue totaled $30 million in 2005.
“This acquisition positions Philips very favourably in the niche emergency ballast market and enables us to broaden our product portfolio and enter strategic new market segments involving building networks,” said Brian Dundon, president and CEO of Philips Lighting Electronics North America.
“Together with Bodine we will pursue new opportunities in emergency lighting and improve the system compatibility of lamp, ballast, and emergency lighting technology.”
“Through proximity to Philips’ high-quality product offering, outstanding operations, extensive global resources and broad technical expertise, we will be able to strengthen and further grow our business,” said David Crippen, CEO of Bodine. “We look forward to continuing to develop the field of emergency lighting in the areas of automation and control, LED, and electronic HID technology as well as enhancing our overall value proposition within the lighting industry.”
Founded in 1962, Bodine is a manufacturer of emergency ballasts and specialty lighting solutions and currently employs approximately 200 associates in its Collierville headquarters.