Royal Philips Electronics has announced that it has acquired Teletrol Systems Inc., a supplier of integrated solutions for simultaneous multi-site management of lighting and energy usage. The Teletrol product portfolio will strengthen Philips’ range of sophisticated control solutions for institutional customers, including the networked management of lighting and environment facilities, including heating and air conditioning. Financial details of this agreement were not disclosed.
Founded in 1985, Teletrol, based in Manchester, NH, has built up a significant position 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 is expected 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.
