If you've no account register here first time
User Name :
User Email :
Password :

Login Now

Philips Nabs 10% Equity Stake In Tendris Holding

philips.jpgRoyal Philips Electronics has acquired a 10 percent equity stake in Tendris Holding, a business incubator and operator in sustainable technology and services headquartered in the Netherlands. The partnership will explore new business opportunities in the area of sustainability.

Financial details of the investment were not disclosed. But as part of the agreement, Philips will be represented in Tendris’s board of directors.

Tendris has developed sustainable services and products in a number of industries, including sustainable lighting solutions with Lemnis and carbon neutral traveling and chemicals with Sparkxis.

Last month, Philips shifted its home electronic business to high-tech commercial lighting. Philips’ CFO, Pierre-Jean Sivignon, said in two years time at least 20 percent of Philips’ lighting sales for commercial use will come from LEDs.

Operationalizing EHS Management: Bridge the Gap from Strategy to Execution
Sponsored By: LNS Research

  
The Corporate Sustainability Professional's Guide to Better Data Management
Sponsored By: Urjanet

  
Practical Guide to Transforming Energy Data into Better Buildings
Sponsored By: Lucid

  
Planning for a Sustainable Future
Sponsored By: Dakota Software

  

Leave a Comment