Teletrol acquired by Philips
"Professional customers, such as retail chains, hotel groups and building owners with multiple premises, increasingly demand better control over their lighting and energy use," said Rudy Provoost, Chief Executive Officer of Philips Lighting. "They also want to provide comfortable environments for their employees, guests and residents, while at the same time keeping operational and energy costs to a minimum. This acquisition will add significantly to the solutions we offer those customers to meet these needs."
Founded in 1985, Teletrol (Manchester, NH) has built up a position in software and hardware-based energy management systems and controls, with installations in more than 10,000 commercial and retail sites around the world. The company employs 37 employees, and has posted double-digit sales growth in recent years, a performance level which the group expects to continue in years to come as it leverages Philips’ existing global distribution channels.
Teletrol’s operations will be incorporated into the Lighting Electronics group of the Philips Lighting sector. Earlier this year, Philips acquired the Australian lighting controls company Dynalite, while growing its capabilities in architectural and entertainment lighting solutions with the acquisitions of Ilti Luce in Italy, and Selecon of New Zealand.