Dynalite has sustained exceptional growth over the last twenty years and had recently been actively looking for a partner who could assist in taking the company to the next level. Philips strategic focus is to strengthen its lighting controls portfolio with an emphasis on providing energy management solutions.  The synergies between the two companies are clear;  Dynalite augments Philips vision through delivery of a strong product portfolio, substantial intellectual property and effective  market access to certain channels. 

Dynalite management and staff will be fully integrated into the Philips Lighting Electronics business within the Philips Lighting Sector, a process which we estimate will take three years.   For the foreseeable future, the company structure and day-to-day operations will remain the same and we will continue to provide the same levels of support and service that you have come to expect from the Dynalite team.

You will find many similarities exist between Dynalite and Philips, including our vision to expand the existing lighting controls market, securing a position to lead the global shift to energy-efficient lighting solutions. 

We will create value for our customers and continue to use a market needs approach that focuses on four core beliefs:

·         Anticipate the needs of the market

·         Provide a range of solutions to fill current and emerging needs

·         Sense alternative ways to fill a need

·         Develop new and different solutions for emerging needs

The competencies, skills and methods that have been central to our success as Dynalite will be essential to our success in the future.  I am confident in our abilities and look forward to working with you, our customers, for many years to come.