Page 36 - HW May 2022

global eyes
Signify completes
Pierlite purchase
Signify (formerly Philips Lighting) has successfully completed its acquisition of Pierlite from Australian-based Gerard Lighting Group, thereby strengthening its position in the Australian and New Zealand lighting markets.
‘‘We’re delighted to welcome the Pierlite team into the Signify family,” says David Gardner, CEO Pacific Market at Signify.
“This union brings together the strong R&D and innovation capabilities of a global leader with the expertise and 70-year legacy of a respected local brand.
“Adding Pierlite to Signify’s existing array of professional lighting brands – including Philips, Interact, Dynalite and Color Kinetics – allows us to offer even greater diversity in lighting ecosystems.”
The acquisition combines Pierlite’s indoor portfolio for the healthcare, education, commercial and industrial building segments with the Philips brand of indoor and outdoor portfolios, creating a substantial new breadth of offer and market coverage in the Pacific region.
Furthermore, customers will be able to capitalise on exciting synergies between Pierlite’s luminaire families and Signify’s Dynalite and Interact connected lighting solutions.
Formerly known as Philips Lighting and headquartered in the Netherlands, Signify is active in 70+ countries, with over 37,000 employees and annual 2021 sales of €6.9 billion.
Its portfolio of lighting brands includes Philips, Philips Dynalite, Philips Hue, Interact, Color Kinetics and WiZ.
Pierlite is one of Australia and New Zealand’s oldest and largest lighting and technology companies, with a portfolio of 14 brands locally designed and engineered for commercial, industrial, healthcare and education applications, as well as the Southern Hemisphere’s largest lighting laboratory.
Pierlite’s operations, including its workforce, management structure, and existing pricing and supply arrangements will remain unchanged.
www.pierlite.co.nz
More doors automatically open for Allegion
ALLEGION PLC HAS signed a definitive agreement to acquire automatic entrance solutions business Stanley Access Technologies and assets from Stanley Black & Decker for US$900 million in cash.
Stanley Access Technologies is a leading manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada.
Its diversified customer base centres on non-residential settings, including retail, healthcare, education, commercial offices, hospitality and government and generated approximately US$340 million in net sales in 2021.
As a result of the acquisition, Allegion will significantly expand its breadth
of access, egress and access control
solutions, as well as opening up high- growth segments across a large installed base.
“We are excited to add the Access Technologies business to our portfolio of solutions,” says David D Petratis, Allegion Chairman, President and CEO.
“With this acquisition, we will expand in an adjacent market segment, ultimately providing customers and end users
with a more comprehensive offering for seamless access wherever they reside, work and thrive.
“Combining Access Technologies’ high-quality products and services with our ability to deliver value through access will significantly expand our core business and accelerate growth.”
www.allegion.com www.stanleyaccess.com
34 NZHJ | MAY 2022
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