Royal Philips Electronics (Philips) has announced it will acquire Lighting Technologies International (LTI). The transaction is expected to close in the fourth quarter of 2007. Upon closing, LTI will become part of Philips’ Special Lighting Applications business group. No financial details on the transaction were disclosed. Founded in 1999, LTI has quickly grown to become a leading supplier of cinema projection lighting in the US, which can be traced in part to its high-power Helios® xenon ...

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